We had a similar issue, however I upped it to 10GB from 8GB, but the biggest factor by far was putting the database on a separate vdisk. I had installed it on a seperate D partition because it wasn't going to be a full production system at the time, but as often happens, that changed. So migrated it to a new disk and the speed increase was very dramatic. Also, as someone has said, make sure there are no CDs or ISOs mounted. They cause havoc if you try doing anything admin-ish! there are scripts floating around t'interweb that will scan your system for VMs with anything mounted. It's bad enough with 35 VMs let alone hundreds!
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