I'm sorry because i can't help you. But, IMHO, it's probably something wrong in your box setup, because i'm running an up-to-date C::B (compiled from svn sources against wxGTK-2.8.4) with an AMD Athlon XP 1800+, 1GB RAM, nVidia Geforce3 (propietary rev.8776 drivers) and openSUSE 10.2 (GNOME 2.16.1), and all is running relatively fine (i've enabled all the core and contrib plugins and the default configuration -e.g. code completion, et al-).
How much processes are you running simultaneously when executing C::B?
Edit: more detailed enviroment.