Quicken, Windows, and WTF is happening?

I just installed Quicken 2008 for Windows, and ran it for the first time. Being a Quicken user before, when I got to the following dialog box, I clicked the [Next] button.

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It’s been eight minutes since I clicked the Next button, and aside from massive hard drive thrashing, nothing is happening. There are no other applications open on my computer, and virtually no utilization reported in Task Manager.

So, can someone please explain WTF Quicken and/or Windows are doing right now?

Ah, by the time I finished writing this blog post, I finally received the "Open Quicken File" dialog box. Based on the initial folder in the dialog box, Quicken looked through my entire hard drive to find a Quicken file. I know this, because the FolderShare trash folder is selected — hardly the expected default folder for Quicken.

Can someone explain to me what brain surgeon at Quicken decided that a feature such as this — with no progress indicator or cancel button — was a good one?

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