Why that? after a little of surfing
25/02/2012 23:50:54 *\Dev-PHP2\devphp.exe
25/02/2012 23:50:55 *\Dev-PHP2\devphp.exe
25/02/2012 23:50:56 *\Dev-PHP2\devphp.exe
25/02/2012 23:50:57 *\Dev-PHP2\devphp.exe
And alot of the same entries, i made a exclusion to that particular directory and the problem go away.
aparently the problem is related at the for in wich firefox/XP manage the associations to a particular extensions.
I made an alternate metod to bypass the slowdown, i remove the reference to the php files in my system and remove any reference to devphp, perhaps the problem is in a doble scanning: by the fss and the ws of the php files.
For other system try to make a log and view a particular entry logging files scanned in the fss and exclude the folder and test it