Working for me too. Right now Optimize is on Pass 7, 25% consolidated. Has been running for a couple of hours. (Interesting, the optimize drives dialogue is showing a process I started from the command line.)
This started with Norton 360, i.e., the error message and Fix Now not correcting anything. 15% fragmentation. Seemed like system was getting slow.
After this is done will see if Norton defrag works.
Also have 23% fragmentation in \Volume{418bcc3b ... etc.}. Will also see if I can get that one cleaned up.
Thanks for posting!