Hey WallyG,
I had pretty much the exact same thing happen to me. I was editing a bass line that I did with Native Instruments Rickenbacker bass running on Kontakt 5. I had been editing in the PRV for about 20 minutes, and then I went to move a single note, clicked on it, and it crashed to the desktop. This was my first X3b crash, and I've had no crashes since. However, I was not asked if I'd like to report it to Cakewalk. It's ok though. Other than this one incident, X3 has been really solid for me. And I'm loving the new comping features. They are a real time saver.
Specs: (in case I'm overlooking something obvious) Sonar X3b PE running on Win 7 64 bit. AMD FX 8350 8 core @ 4.1Ghz, 16 Gb RAM. M-Audio Profire 610, Axiom 25 and Yamaha Kx8 Midid controllers. GeForce GTX 460 video card.