cfp.exe 50% utilization continuous

The computer was noticeably slower than usual. I looked in Task Manager and cfp.exe was at 50% all the time.
The harddrive was active all the time as well.
It did not matter what programs were running or turned off. I read the forums but this issue was supposedly fixed in version 3.x. i was running version 3.5.54375.427 and i got this by using the update tool. To fix the problem I had to uninstall the most recent version and completely re-install the most recent version. I tried disabling logging before the re-install but this had no affect. After the complete re-install there has been no issues.

Windows XP SP3, 32 bit
AVG Antivirus is running and only Resident Shield is disabled.
Firewall Security in Safe Mode
Defense + in Clean PC Mode
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