Catcher,
As I noted in an earlier post, I encountered this same issue, which I could
not solve with virus scans, defragging, SP2 update, other XP updates, or
several Anti-spy tools. Another post regarding high CPU usage pointed to
several anti-spyware tools as possibilities for solving other high CPU usage
problems. I had already tried them except for one: SpySubtract. I tried it,
and it detected serveral items which the other anti-spy tools missed. After
running SpySubtract, cleaning up it's discoveries, I rebooted. When I'm not
activly using an application that consumes CPU, the CPU usage is back down to
the 2% to 4% range, and it matches the corresponding 98% to 96% system idle
process, and my system resonse time is back to normal. Spysubtract has a
free online scan, and a free 30 day trial. I opted for the 30 day trial.
This may sound like a paid advertisement, but trust me it's not. I was at
wits end with this problem, and SpySubtract was the only tool that fixed it.
Here's the link. I hope it works for you.
http://www.intermute.com/spysubtract/free_spyware_scan.html