PP 6.02 loading clips painfully slow

Hello.

 

I am trying to edit a 10 hour mini-series on Premiere Pro 6.

 

I have about 20,000 clips in the project.

 

Up until the recent update it would load everything in about 5 – 10 minutes.

 

As of now I’ve been waiting an hour and it’s only 30% done.

 

This started with the recent 6.02 update.

 

I’m using OS 10.7.4 32gbs of RAM dual Xeon processors with 10 TBs of drive space.

 

Any suggestions as to how to get this back to normal?

 

Thanks in advance.

 

Best,

 

Dare

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