Theme Options not available in 3.2.1 Multisite install

The problem I am experiencing is not only related to the Studio theme but also other themes such as product. I have a WP Multisite install (3.2.1), have network enabled the theme so its accessible for me to make changes, however I cannot access the theme options in these themes. Clicking on the links does not take me anywhere

Any suggestions?

PS. I have tried this in multiple browsers, same result.