git server side checkout hangs

After configuring my first ever CI Build and testing my git VCS Root connection I proceeded to run the build.....but it hangs at the updating stage, with the message
Updating sources: server side checkout... : Updating C:\TeamCity\buildAgent\work\2d794ebca6581358

Any ideas?
Where do I look?
Help please...

The log file -
Build 'ITS :: CI Build' #5
Started 'Wed Aug 11 22:33:15 EST 2010' on 'someAnonymousAgent' by 'you'
Is running with status 'NORMAL Updating C:\TeamCity\buildAgent\work\2d794ebca6581358'
TeamCity URL http://localhost/viewLog.html?buildId=5&buildTypeId=bt25

[22:33:10]: bt2
[22:33:10]: Checking for changes
[22:33:15]: Clearing temporary directory: C:\TeamCity\buildAgent\temp\buildTmp
[22:33:15]: Checkout directory: C:\TeamCity\buildAgent\work\2d794ebca6581358
[22:33:15]: Updating sources: server side checkout...
[22:33:15]:  [Updating sources: server side checkout...] Will perform clean checkout
[22:33:15]:  [Updating sources: server side checkout...] Clean checkout reasons
[22:33:15]:  [Clean checkout reasons] Checkout directory is empty or doesn't exist
[22:33:15]:  [Clean checkout reasons] "Clean all files before build" turned on
[22:33:15]:  [Updating sources: server side checkout...] Building clean patch for VCS root: PSIVic.Unfuddle
[22:33:17]:  [Updating sources: server side checkout...] Repository sources transferred: 31.03Mb total
[22:33:17]:  [Updating sources: server side checkout...] Removing C:\TeamCity\buildAgent\work\2d794ebca6581358
[22:33:17]:  [Updating sources: server side checkout...] Updating C:\TeamCity\buildAgent\work\2d794ebca6581358