I've downloaded and installed Fancy Excerpt via "add new" in the Plugins menu but the posts displayed on index.php are not being excerpted. I used Fancy Excerpt with WP 2.8.5 and it worked great right after install.
Is there an additional step for WP3.1 that I'm missing? I noticed that the index.php file is very different in 3.1 compared to 2.8.5. All of the PHP data has been moved to loop.php.