New
#11
Apologies for double posting, but I've managed to solve this problem, and I thought it worth posting.
In the "My Computer" root directory I had mapped several network locations. I removed the links and the problem disappeared. Simple, and annoying, but it worked.
The odd thing: I've always had those network links present across all the installations of Win7 that I've had. Weird that their presence would cause problems in one installation vs. another. I figure that some seemingly unrelated update triggers a problem.