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I recently downloaded and installed 3ds Max 2012 but it wouldn't start, all I get when I click to open it is an hourglass and then nothing else happens, so I downloaded the 2011 version and it worked perfectly fine. I even have Maya 2012 and it runs fine.
It could be video card and driver related.
http://usa.autodesk.com/adsk/servlet/cert?siteID=123112&id=16391880