I got the Leopard-compatible C1/3.7.8 DB and it runs almost twice as fast as C1 4 !
And it has legible typeface (C1 4 is black text color on black background)
By the time C1 5 comes out C1/3.7.xx will probably be ten times faster...
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hmm, might be something wrong with your computer/CO4 installation, CO4 is definitely faster than 3.7.8 on my MBP 2ghz with leopard.