WD Smartware My Studio LX Software 1.3.3.8 is useless?

I just purchased a 2TB My Studio LX (for Mac) and have tried a half dozen times to get the WD Smartware apps to work with zero success.

I’m using the current version on Lion (OS 10.7.3) on a 2010 iMac, and although the app opens, nothing happens. The Virtual CD does nothing and I can’t use any of the labeling or back up functions. Even the “Preferences” section is greyed out, and therefore non-functioning. 

I’ve uninstalled and reinstalled the software multiple times with no luck. Only once did the app actually begin to work, creating an inventory of my start-up drive but failing to work with the WD My Studio LX drive (it would continually reset when I tried to work with the WD My Studio HD).  I reinstalled the software again and it’s back to being an empty app. Virtual CD does nothing except crash.

Hard to understand what’s wrong here other than WD has a severely flawed piece of software, which is unacceptable considering this is what’s supposed to make My Studio unique as an HD.

Very frustrating. Any thoughts?

try to select the drive on the home tab by clicking on it…

after that check to see if the options populate

Tried that, but it made no difference.