Thanks achaput I got it sorted.
I tried initializing and surprisingly it did not fix it. So I reverted to 2.4.1, used Factor Lib to reload my presets and then reloaded the V3 update twice and it fixed the problem.
One extra thing I have noticed is you have to watch how long you press the right foot switch in save mode as if it is held for too long it will not enter the name mode. This may have been why I could not enter the save mode previously but it still weird to not have it remember the names after the unit is powered down.
This is a great update! Thanks so much for all your hard work in getting this out!