Using a new SQL2005 database project in VS2010.
I did import objects and settings, and built the project.
It seems to be stuck at \'Analyzing database schema. Your database pro
Here is a possible fix. (I have had to recreate the schema on SQL databases before, due to speed issues) but this article might be worth looking at. - sounds closer to your issue.
Can't open my dbml file in Visual Studio 2010 anymore