I just want to enlarge on the subject of strips a bit more, based on some work I did that proved enlightening.

MixMeister (MM) went to the "strips" display in order to better support the use of a hardware controller. In general, this did not impact the program except visually ... instead of a continuous display of the timeline (like an unrolling papyrus, for instance) you see a series of strips (you can option to view 2, 4, 6, or 8 at a time) that work their was down the screen, then the view jumps back up to the top and begins again. Some users liked the 'continuous' view much better, but mostly understand there was a hardware reason for the change.

There were also some changes to performance with regard to the use of 'overlays' however:
--If you are working with overlays, you will not be able to use the 2-strip view, because it can't accommodate the minimum of 3 elements required to illustrate e.g., a transition which uses an overlay.
--Using multiple overlays is now limited to a maximum of (I believe) 8 applied to any single 'standard' (e.g. non-overlay)track, again due to the display limitations. .

HTH