I bought the upgrade to Traktor 4 five minutes ago and I've already found something that doesn't work.
Do you need a serious beta tester? Where can I send the request? So, the problem is related to the new stems. They are super cool and fun, but they need to be relocatable like any mp3 because otherwise they have to be regenerated with every installation. In my setup, it is important that all important Traktor data is automatically saved in a folder that I sync with my personal server, and this led me to discover the problem.
Try this: create a stem of a song, then copy the contents from music/traktor/stems to a new directory, configure the new stems directory in Traktor settings, restart, and also run check consistency (I hoped it would work), but the tracks for which you created stems need to be regenerated despite being in the correct folder, otherwise Traktor 4 doesn't see them. Fortunately, when they are regenerated, they retain the same name and don't create a new version with considerable size in the folder, which suggests that it's a bug that can be easily fixed.