SmartFTP freezes when opening, listing directory

I just upgraded to 3.0 from 2.0 since the old version would only open once in every ten attempts. Now I find that 3.0 opens every time, but it freezes while apparently trying to show me the directory listing for "My Computer". If I wait half an hour or so, it will finish whatever it is doing and let me use the FTP portion of the program, but I am just not that patient. I have downloaded the latest available copy as of 4/19/2008. I'm using Windows XPSP2.

Please post they system information from the menu: Help->About "System Information"

Thank you
Regards,
Mat

Please post they system information from the menu: Help->About "System Information"

Thank you
Regards,
Mat

+- System -----------------------------
Microsoft Windows XP Home Edition
Service Pack 2 (Build 2600)

CPU Speed : 2992 MHz
Total Memory : 2047 MB
Free Memory : 2047 MB

+- SmartFTP ---------------------------
Version : 3.0.1013.7
Time Stamp : 2008-04-18 17:59:16
Platform : x86
Unlicensed
Days in use : 1

+- Application DLL --------------------
sfFTPLib.dll : 1.5.13.5
sfFavorites.dll : 1.0.9.7
sfFavoritesShellExtension.dll : 1.0.1.9
sfTransferQueue.dll : 1.0.6.7
sfFTPShellExtension.dll : 1.0.4.7

+- Language ---------------------------
SmartFTP.exe : 3.0.1013.7

+- Internet Explorer ------------------
Version : 7.0.5730.11

+- Winsock ----------------------------
Winsock : 2.2

Thank you. Please delete the registry key at:
HKEY_CURRENT_USER\Software\SmartFTP

Regards,
Mat