Upgrading to IntelliJ 11 hanging on updating index box.

I am trying to upgrade to Intellij 11.  I am currently running Intellij 10.5.2 on my Ubuntu 10.04 LTS computer and it is working fine.
When I start my IntelliJ 11.1.3 on Ubuntu Linux It hangs at an updating index box.

In my /.IntelliJIdea11/system/log/idea.log I see this:
2012-08-09 07:17:36,096 [ 554253]   INFO - j.util.io.PersistentEnumerator - No storage for index -65536
java.lang.AssertionError: No storage for index -65536
        at com.intellij.util.io.PagedFileStorage$StorageLock$BuffersCache.createValue(PagedFileStorage.java:178)
        at com.intellij.util.io.PagedFileStorage$StorageLock$BuffersCache.get(PagedFileStorage.java:150)
        at com.intellij.util.io.PagedFileStorage$StorageLock$BuffersCache.access$1300(PagedFileStorage.java:115)
        at com.intellij.util.io.PagedFileStorage.getBuffer(PagedFileStorage.java:540)
        at com.intellij.util.io.PagedFileStorage.getByteBuffer(PagedFileStorage.java:332)
        at com.intellij.util.io.IntToIntBtree$BtreePage.syncWithStore(IntToIntBtree.java:242)
        at com.intellij.util.io.IntToIntBtree$BtreeIndexNodeView.syncWithStore(IntToIntBtree.java:316)
        at com.intellij.util.io.IntToIntBtree$BtreePage.setAddress(IntToIntBtree.java:235)
        at com.intellij.util.io.IntToIntBtree$BtreeIndexNodeView.locate(IntToIntBtree.java:908)
        at com.intellij.util.io.IntToIntBtree$BtreeIndexNodeView.access$000(IntToIntBtree.java:300)
        at com.intellij.util.io.IntToIntBtree.get(IntToIntBtree.java:142)
        at com.intellij.util.io.PersistentBTreeEnumerator.enumerateImpl(PersistentBTreeEnumerator.java:284)
        at com.intellij.util.io.PersistentEnumeratorBase.doEnumerate(PersistentEnumeratorBase.java:250)
        at com.intellij.util.io.PersistentEnumeratorBase.enumerate(PersistentEnumeratorBase.java:272)
        at com.intellij.util.io.PersistentBTreeEnumerator.enumerate(PersistentBTreeEnumerator.java:29)
        at com.intellij.util.io.PersistentEnumeratorDelegate.enumerate(PersistentEnumeratorDelegate.java:64)
        at com.intellij.util.io.PersistentStringEnumerator.enumerate(PersistentStringEnumerator.java:64)
        at com.intellij.openapi.vfs.newvfs.persistent.FSRecords.findRootRecord(FSRecords.java:620)
        at com.intellij.openapi.vfs.newvfs.persistent.PersistentFS.findRoot(PersistentFS.java:744)
        at com.intellij.openapi.vfs.newvfs.persistent.PersistentFS.findRoot(PersistentFS.java:60)
        at com.intellij.openapi.vfs.newvfs.VfsImplUtil.findFileByPath(VfsImplUtil.java:41)
        at com.intellij.openapi.vfs.impl.jar.JarFileSystemImpl.findFileByPath(JarFileSystemImpl.java:358)
        at com.intellij.openapi.vfs.impl.VirtualFileManagerImpl.findFileByUrl(VirtualFileManagerImpl.java:153)
        at com.intellij.openapi.vfs.VfsUtil.findRelativeFile(VfsUtil.java:279)
        at com.intellij.javaee.ExternalResourcesRootsProvider.getAdditionalRootsToIndex(ExternalResourcesRootsProvider.java:68)
        at com.intellij.util.indexing.IndexableSetContributor.getRootsToIndex(IndexableSetContributor.java:44)
        at com.intellij.util.indexing.FileBasedIndex.iterateIndexableFiles(FileBasedIndex.java:2233)
        at com.intellij.util.indexing.FileBasedIndex.projectIndexableFiles(FileBasedIndex.java:1031)
        at com.intellij.psi.stubs.StubIndexImpl.process(StubIndexImpl.java:218)
        at com.intellij.psi.stubs.StubIndexImpl.get(StubIndexImpl.java:194)
        at com.intellij.psi.stubs.AbstractStubIndex.get(AbstractStubIndex.java:33)
        at com.intellij.psi.impl.java.stubs.index.JavaFullClassNameIndex.get(JavaFullClassNameIndex.java:47)
        at com.intellij.psi.impl.file.impl.JavaFileManagerImpl.a(JavaFileManagerImpl.java:342)
        at com.intellij.psi.impl.file.impl.JavaFileManagerImpl.findClass(JavaFileManagerImpl.java:227)
        at com.intellij.psi.impl.JavaPsiFacadeImpl$PsiElementFinderImpl.findClass(JavaPsiFacadeImpl.java:276)
        at com.intellij.psi.impl.JavaPsiFacadeImpl.findClass(JavaPsiFacadeImpl.java:113)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl.b(PsiJavaCodeReferenceElementImpl.java:403)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl.access$000(PsiJavaCodeReferenceElementImpl.java:47)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl$OurGenericsResolver._resolve(PsiJavaCodeReferenceElementImpl.java:335)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl$OurGenericsResolver.resolve(PsiJavaCodeReferenceElementImpl.java:350)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl$OurGenericsResolver.resolve(PsiJavaCodeReferenceElementImpl.java:329)
        at com.intellij.psi.impl.source.resolve.ResolveCache$2.compute(ResolveCache.java:129)
        at com.intellij.openapi.util.RecursionManager$2.doPreventingRecursion(RecursionManager.java:106)
        at com.intellij.psi.impl.source.resolve.ResolveCache.a(ResolveCache.java:134)
        at com.intellij.psi.impl.source.resolve.ResolveCache.resolveWithCaching(ResolveCache.java:145)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl.multiResolve(PsiJavaCodeReferenceElementImpl.java:384)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl.advancedResolve(PsiJavaCodeReferenceElementImpl.java:369)
        at com.intellij.psi.impl.source.PsiJavaCodeReferenceElementImpl.resolve(PsiJavaCodeReferenceElementImpl.java:326)
        at com.intellij.psi.impl.source.PsiImportStatementBaseImpl.resolve(PsiImportStatementBaseImpl.java:62)
        at com.intellij.psi.impl.source.PsiJavaFileBaseImpl.a(PsiJavaFileBaseImpl.java:307)
        at com.intellij.psi.impl.source.PsiJavaFileBaseImpl.access$100(PsiJavaFileBaseImpl.java:59)
        at com.intellij.psi.impl.source.PsiJavaFileBaseImpl$MyCacheBuilder.compute(PsiJavaFileBaseImpl.java:481)
        at com.intellij.psi.impl.PsiCachedValueImpl.doCompute(PsiCachedValueImpl.java:47)
        at com.intellij.util.CachedValueBase.getValueWithLock(CachedValueBase.java:200)