HI Sam
There wasn't anything else running but I think, on reflection, the "indexing" message while loading was noticable as
1) I had emptied the cache completely.
2) I was loading a 4 Gig 80 minute .avi from scratch. (Basically to see if the programme did a "No play" after 2 minutes or so due to the possible Open DML limitation on 2 Gig mentioned in another post.)
BTW it played OK. :-).... and that was taking some time.
Once the cache had been updated the same .avi loaded very quickly and was ready to play on the timeline almost immediately when dropped there. VP loads my normal sized clips MUCH faster than earlier versions, and I hadn't noticed that line of text before.
Nat