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I have a fairly small database, ~75 projects w/~450 actions, but I'm also on an ancient PowerBook G4, 1.5 GHz, 1.5 GB RAM. I can switch from the entire library of projects to context mode in about 1 second, switching back is about 1.5 second. Switching from perspective to perspective in the same window where the entire library is not displayed is almost instant. Perspectives that open in their own window take longer, perhaps two, three seconds tops. I'm using the 1.8SP releases.