If Dr Watson is popping up, then most likely something has crashed. The freeze you're seeing is probably Dr Watson creating a dump file. It dumps the entire state of your system to a file, which can sometimes take a long time. You might try turning this off, to see if it at least eliminates the freeze. Go to Start | Run and type drwtsn32. On the window that pops up, uncheck "Create Crash Dump File".
You should really try to figure out what's crashing, though. Dr Watson popping up is just a symptom of the real problem.
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