Many thanks for your prompt and accurate info, Karanbir and yet special thanks to Johnny Hughes. I am going to follow your advice right now.
In fact we have a 3.4 site also and found it incomparably more stable than ever, and have been discussing migration of our old sites. But Ovirt is, as you know, very update-hostile system: We still have another 3.0 site working.
Thanks again.
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