I think it's either one of two things:
#1: The Indexing service. It could be attempting to update the catalog and causing the wait. Try disabling the indexing service and see what happens.
#2: It's checking network shares to make sure they are valid and updating local info as to what those shares are sharing. There is a registry tweak to take care of that, but, off hand, I can't remember it, it's a pretty well known reg tweak. I'm pretty sure someone here knows what I'm talking about, it'll remove the delay when accessing network shares.
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