Thanks for your V4 analysis. Considering the large number of pre-5D3 images I've taken since 2004, when I was using the 10D, and later the 5D, I have no choice but to use V3. It's not perfect, but it gets the job done for me, for now.
Thanks to you and jrh75. I downloaded v.3.14.47 and deleted v.4. Don't know what Canon was thinking. I think most folks who buy a new 5D3 or similar camera are upgrading. For a version of DPP to not be backwards compatible is ludicrous!