By the way, you might have to use "Help"->"Rebuild and Rescan Databases". Some of the database behavior changed ever so slightly since 0.89.99.3. It may not be necessary, but I wouldn't be surprised if it cleared up any weird/buggy behavior in the app.
I did have a built database in my app data I was keeping around for when Armory was fixed. It looks like it decided to rebuild it automatically. The reason I know this aside from the progress bar starting at 0% is because my virtual disk was starting to get full and when I was checking to see if I was running out of space and a lot of space was suddenly available.
Here are some stats in case you are interested. First run took 33 mins to sync to the network from 98% and the database took over an hour to rebuild the database (I wasn't able to finish timing it accurately). The second run took a little over 2 minutes to sync the 1 incoming block and scan the DB. I have 4 AMD cores at 4GHz allocated to the VM. I didn't see the memory usage go over 300 MB while I was watching it.
I feel as though the Bitcoin sync was primarily network bound, but the database build & scan seemed like it might have been IO bound and benefited from residing in memory a bit more. At least the 4 cores were never running full tilt perhaps varying between 35%-65% across all 4. Then again, I'm not sure I trust task manager, it seems threads jumping across cores cause it to average out the utilization on the graphs.
Looks like a good build for Win7 users, thanks again!