So I've run a bunch of tests and there definitely seems to be something wrong as projects get larger when it comes to importing assets. Please do note that I am speaking of large projects (mine is over 10,000 assets big so far) but I am running into issues as soon as I have over a thousand or so files in my project. I've tried moving the project file to a different local drive, moving the assets, clearing the cache, moving the cache directories to a new local drive, clearing the preferences, re-installing all Adobe products, and ran a few different tests on dummy test projects to see if there could have been a Legacy issue stemming from my older master project. All points to something Adobe changed in the latest version; so... please let's try to find the source of the problem and let's roll out a quick-patch as soon as possible? This is extremely inconvenient unfortunately.
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