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#11
Go to the Services tab on your System Configuration window. Check the box which says "Hide all Microsoft Services". Now select all and disable. Click Apply and then reboot the computer. See if the problem is solved.
If the above solves the problem, then one of your non-Microsoft services was slowing everything down. Go back into System Configuration / Services tab, and re-enable the non-Microsoft services, one at a time, rebooting after each re-enable. When the system slows back down, you will know which one was causing the problem. Make sure you disable that one, and keep it disabled; and make note of the name of that service. Continue re-enabling one service at a time, rebooting each time, to see if there are any other problematic services.
If this didn't solve the problem, then you don't have any bad services. Be sure to re-enable all of the services that you disabled.