If your OS X seems really slow, make sure you don't have a problem with your Classic environment. A couple of times, I've noticed that my machine took seconds (lots of them!) to do basic things like opening a window or an application.
In both cases, a look at the Process Viewer application showed the TrueBlue Environment was taking over 95% of both CPU and memory -- with nothing launched in the environment!
If this happens to you, quit Classic (gracefully via the menu if you can, or use Process Viewer to force it to quit) and logout/login. Also make sure that your Classic environment is running the minimal set necessary to support OS X -- I use "OS 9.04 Base" in the Extensions Manager.
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Mac OS X Hints
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