I posted this in a couple of places, this will be the last.
We found the inability to edit list columns was caused by a change in the user rights for virtual servers. Specifically, “Manage List Permissions” and “Manage Lists” were mysteriously unchecked after applying SP3.
So, if needed…
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Go to Windows SharePoint Services Central Administration
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Under Virtual Server Configuration, select “Configure Virtual Server Settings”
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Select your virtual server form the list
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Under Security Settings, select “Manage user rights for virtual server”
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Under Rights -> List Rights, ensure the “Manage List Permissions” and “Manage Lists” are both checked.
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Select the OK button.
We then did an IISReset just to be sure. We may now edit our list columns at will.
Hope this helps.
Aloha,
-matt