Here is what I have noticed. Before I start IE8 there is no instance of iexplore.exe running, according to the Windows Task Manager. Once I start IE8, there are two instances of iexplore.exe listed in Processes. At some point, either right away or after a few different pages, one of the iexplore.exe grabs about 50% of the CPU resources and it comes to a halt.
I attached the OTL log. Please let me know if there is something I can do to solve this problem. Thanks!