Yup, it works!

3.5 minutes to create 14 projects of which I'm only interested in 3. So I removed the others.

15.1 minutes to tag the first project. ~9000 files.
15.6 minutes to tag the second project. ~10400 files.
16.1 minutes to tag the third project. ~9700 files.
4 minutes to load after tagging ...

Thanks for the quick reply. I'll let you know how it goes tomorrow. Just running ctags takes a considerable time so I expect that.

I am running an evaluation copy v3.97g. Trying to create a workspace with multiple projects. I am unable to get the workspace builder to work. After specifying a name and entering the source directory and using the search button, the workspace builder window thinks for a while then closes. There are ...