Beta 7 - Fusion bypass having opposite effect

When you add some fusion elements to a project, then goto the Edit page and click on the Bypass Color Grades and Fusion Effects, the underlying video turns black and I can still see the Fusion Elements.
Windows 10 Home
Intel I7-7700HQ
32 GB Ram
gtx-1070 6 GB
Windows 10 Home
Intel I7-7700HQ
32 GB Ram
gtx-1070 6 GB