Just tried the latest daily build and, unfortunately, I'm getting the same problem there, too.
I guess it must be something with my system (could a Windows update really screw this up?) or it's a problem with the scene... which was not present yesterday.
It's not only IR mode, Max freezes when I open the material editor for the first time, on scene prep, or when I cancel a render where it takes 2 minutes to response again, or when changing material properties.