PhpStorm locking for a specific project

Hi there ... using PhpStorm for a few months and really liking it. But, a problem cropped up today. It locks when pulling up a specific project now, something I've open many times in the past. I open the project and as soon as I open a file (or if a file is already open), PhpStorm locks, CPU spikes to > 100%, and the program is unusable until I Force Quit. Just started this morning. I tried removing the .idea folder and adding again but still having the problem.

I'm on OSX 10.8.2 and the latest version of PhpStorm


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