I understand your frustration and this is now critical for us to resolve this problem. Unfortuneately we are unable to reproduce this behaviour and I therefore ask if you can provide more information.
After waiting a long time, is the component licensed or does the licensing screen popup?
Are you using Windows Vista?
Do you have administrator rights on the machine when this occurs?
Does this behaviour occur in the development environment, at runtime, or both.
Are you referencing the Crainiate.ERM4.Layouts.dll? Does this occur in projects with this reference removed? (possible c++ runtime issues here)
The deal solution is the include the license file in the project and mark it as Embedded Resource in the properties dialog. When in design mode, this will require a unique license file for every developer, so ensure that this file is excluded when using products such a sourcesafe.
Many thanks, James