I'm having a similar problem. Since installing an update today my CPU useage has been at nearly 100%. When I check to see what process is causing the problems, it's always explorer.exe. I'm running Windows XP. I don't want to uninstall Fences. I've come to depend on Fences to keep me organized with the amount of programs and files I use. I've rebooted the computer several times and it never changes.
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