Hi oscartheswede,
I got the same problem on windows x32 2003 R2 enterprise edition SP2,
i'm running terminal server on five servers for almost 300 users.
I had to go back to the windows x32 2003 std SP2 for the moment.
The problem appears to be only during a user login, file servers or others no problem.
This bug is known on the microsoft KB, see
http://support.microsoft.com/kb/837585 in my case it's exactly the problem.
I ordered the patch from Microsoft but it doesn't install after SP2.
For the moment they are investigating the case...
If you find a solution, please mail me.
Now i'm thinking about desinstalling Sp2 to apply KB837585 patch and then return to sp2. I'll try that as soon as possible.
PS: My Servers : Hp Proliant Dl 360 G5 / 8gb Ram (in case of hardware problem ???)