I have tried all other solutions like disable X-Ray and made sure the Waves Vst3 plugs weren't being used and no luck.
This is a brand new PC and my old one worked fine .But it had a Nvidia Geforce 9800GT 1gig ram ..... When I get home from work I'm gonna slap the Old card in and see what happens. Anyone else out there using Waves with Onboard Video ? ...  BTW small projects will work fine but Large projects only works on a few and none of the other WAVES Plugs.
 

I just Got the Nvidia Geforce 9800GT installed and it works great! all my Waves plugins are working graphically again . I didn't realize that a Video card could make that much difference in a DAW . I'm Stoked!!!

Hey, always good to see someone solve a system problem.  Nice work!
 
Yes, definitely - any part of the graphics card can wreak havoc:  chipset incompatibility, bad drivers, not enough memory, overheating, etc...
 
And, as you found out, it's smart to have an extra graphics card on hand for troubleshooting purposes (Especially since onboard graphics can be a mixed bag, sometimes on the cheap/low-end.  Also, most modern graphics cards have two ports, allowing you to expand to two monitors if you wish).