Lag/delay in audio effects

Hey everyone, I tried using the De-Noiser option in audio effects, but there seems to be a half-second delay for the effect to kick in. It starts off really muffled, and then it gradually gets better.

I've searched, and the only answer seems to be to Render and Replace the audio file - but for SOME REASON, CS4 crashes everytime I click "Render and Replace".

Has anyone run into either of these problems?

Thanks,
Gary
 
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