Alright, I just updated a Space to the latest beta release using the Eventide Direct Updater, and I didn't see this problem. I spoke to my colleague about it, and if this problem occurs, he recommended moving the algorithm selection knob or using the preset up or preset down footswitches to load a new preset to see if this helps. Or try restarting the Space. Or try restoring the system settings (this won't delete your presets but will wipe out your MIDI mappings if you have any) by turning your Space off and then turning it on again with the right footswitch and the preset selector encoder pressed.
