What is a reseanable time for Parallels to configure a Tranporter VM?

I have just purchased Parallels 5.0, I have used Parallels Transporter Agent in my Win XP bootcamp partition with success, it just took under an hour to create a copy on a storage device. Then I run Transporter on my new Mac and after a few minutes. Parallels opened with the Win XP vm "Click to start"...so I did.

The options manu came up I selected the where to save and then selcted the number of cores and RAM, then parallels came into action and it said "Please wait while the virtual machine is being configured..." Note: This operation may take same time to complete. Then below "Preparing to configure your virtual machine (Step 1 of 4).

It has been at this stage now for over three hours and has not moved from step 1 of 4 all seems to be running ok it is not frozen or anything like that.

Any ideas if this is goint to move to step 2? Is 3 hours too long? Should I stop it and start again? Please help.

Thanks
bello_mac