Hello,
This is indeed related to the IMAP issue. Infact this will affect POP, SMTP, IMAP, and XMPP. We are coming out and testing a build now that should fix the issue. There was code changed that all 4 of those used and it negatively impacted all of them. Stay tuned for another update.
Matt Petty
Senior Software Developer
SmarterTools Inc.
www.smartertools.com