Updated Android studio to 1.2.2 and the background process wont end.(Refreshing \'MemoryCards\' Gradle project).
It has been more than an hour now and its still busy?
A few things to try in the following order:
Restart the entire PC, then try again...
If that fails then clear the cache for android studio, restart
android studio and try again..
Disable any proxies on your PC / network / Android studio then try again
If that doesn't work then look at clearing the gradle files and re-downloading them. Let me know how this goes please and I can update my answer with further things to do if needed.