Windows XP Hangs Viewing Shortcuts

Problem
Windows hangs when opening or trying to view properties of shortcuts to network files that do not exist.

Note: This solution has been tested and works with Windows XP and Windows 7.

Solution
Prevent Windows from conducting a comprehensive search of the target drive in an attempt to find the file.

1. Run gpedit.msc
2. Select User Configuration / Administrative Templates / Start Menu and Taskbar
3. Enable "Do not use the search-based method when resolving shell shortcuts"

References

"Windows XP Hangs When You Open a Folder That Contains a Network Shortc." PC Pitstop Forums. Web. 04 Mar. 2011.
<http://forums.pcpitstop.com/index.php?/topic/121312-windows-xp-hangs-when-you-open-a-folder-that-contains-a-network-shortc/>.

"Policy Settings for the Start Menu in Windows XP." Microsoft Support. Web. 04 Mar. 2011.
<http://support.microsoft.com/kb/292504>.

"Do Not Use the Search-based Method When Resolving Shell Shortcuts." Microsoft TechNet: Resources for IT Professionals. Web. 04 Mar. 2011.
<http://technet.microsoft.com/en-us/library/cc939469.aspx>.

Updates

2011-10-20 Added note that this works with XP and Win7.