Is the workaround to delete the meta folder and wait for it to re-generate the thumbnails? I'm in a similar situation - stuck o generating thumbnails. Doesn't seem to be able to abandon old materials that have been deleted. I still see them by name in a sub-folder under materials - just a circular arrow icon, not the tumbnail. I've re-booted my system, restarted painter, am on the latest version. This is currently a work-stoppage for me. Any hints or workarounds would be greatly appreciated.