I downloaded a wmv file, and am using Vegas to render it to DVD format.
The clip is 1 hr 21 mins long, and it took 59 minutes to render just the audio to ac3.
This seems incredibly slow - the computer is generally functioning normally.  The only slow down factor was that the wmv and rendered ac3 were on the same drive, but this doesn't usually make a huge difference.
Does anyone know if there is something about wmv audio which makes it difficult to convert to ac3 format?