Brian, here's more info for you.  I have a Dell Alienware Aurora running Windows 7 Pro.  When I click on Import it opens the Import tab and then freezes.  I can't even select where to import from.  Here are the details;

Problem Event Name:    APPCRASH
  Application Name:    Picasa3.exe
  Application Version:    3.8.117.43
  Application Timestamp:    4da62ad6
  Fault Module Name:    Picasa3.exe
  Fault Module Version:    3.8.117.43
  Fault Module Timestamp:    4da62ad6
  Exception Code:    c0000005
  Exception Offset:    0028f89e
  OS Version:    6.1.7600.2.0.0.256.48
  Locale ID:    1033
  Additional Information 1:    0a9e
  Additional Information 2:    0a9e372d3b4ad19135b953a78882e7