Object Repository Slow
Are you trying to make changes to your QTP object repository, like renaming, deleting, pasting on a windows 7 machine and experience performance slower than a herd of turtles stampeding through peanut butter?
No worries – looks like this is a known issue.
What causes this QTP OR Behavior?
When editing object repositories in QuickTest Professional, QTP needs to go through the entire OR hierarchy to adjust the relation information after an edit update is performed. On windows 7 machines this behavior brings OR updates to a slooooow crawl.
How to Resolve
To fix this you can contact HP support and obtain hot-fix “QTP_00948 – Skip adjusting test object relations during renaming object repository”.
If I wasn't afraid that HP would harass me for posting it I would. To be safe, since miss-installing hotfixes can cause serious issues you need to contact HP to get your hands on this hotfix.