Adderoo
I also have the metronome not working anymore since last update 2016-03; both on existing and new projects. I am on windows 10 64bit. Not entirely sure if it is me, or a bug, but given comments above, might be a small bug
Did you try enabling/disabling the global FX bypass button in the mix module? Yours may be a different issue though as I have had no problems with new projects - just a couple of projects that were authored in previous versions then edited and saved in 2016-03.
After the fx bypass cycle on/off, the metronome returned to normal. It continued to work after resaving the project.
I believe the bakers are looking into it.