photoria theme excerpt not showing

Hi,

Does anyone have the same problem where the excerpt of the post-pages is not showing in the wp-zoom Photoria theme?
The code for the excerpt in functions.php is :

/* Custom lenght for the_excerpt */
function new_excerpt_length($length) {
 return 25;
}
add_filter('excerpt_length', 'new_excerpt_length',999);

And the main index page (wpzoom_recent_posts.php) is:

<a href="<?php the_permalink(); ?>" rel="bookmark" title="<?php the_title(); ?>"><img src="<?php bloginfo('template_directory'); ?>/scripts/timthumb.php?src=<?php echo $img ?>&h=230&w=300&zc=1" width="300" height="230" alt="<?php the_title(); ?>" /></a>
        <?php } ?>
                 <?php the_excerpt(); ?>
                <div class="cleaner">?</div>
                </div>
              </li><?php if (($i % 3) == 0) { ?><div class="cleaner">?</div><?php } ?>
<?php endwhile; //  ?>

I must admint that I use W3 Edge with a CDN but it used to work fine until recent upgrade to WP 3.4.2

Any help greatly apriciated!

P.S. I tryed to deactivate the CDN and also to purge items (theme files) from CDN, none helped.