I think I found a bug. 
A cockroach that needs to be crushed with extreme, bloody thirsty prejudice.

Please launch konq, 
1. create a directory.
2. Right click, go to properties
3. Click on the icon button
4. choose applications 

If I'm correct, it will freeze at about 24 to 26 % whilst caching the icons.

Let me know what everyone finds.

The power just went out!!!

Kate