Taking a guess, it is looking for some resource (debugging files, for example) on your network. Check Tools, Options, Projects, VC++ directories. In the right hand pane, check the settings for each set of directories. Another thing to check is your PATH environment variable. If you've got a network share in any of those places, it could be the IDE is searching for a file and waiting for the network to time out.
Software Zen: delete this;