iMac 27" 2011 very slow after install
iMac with 2 tb hd and 16 gb memory worked fine with Lion. Upgraded to 10.8 today and system slowed to a halt. Every operation seems to take forever and the app store updates to iPhoto etc hang as they try to loan. Attempted to run AHT but could not. Rebooting holding the "D" launched 10.8 and not AHT. Tried rebooting with the DVD that came with machine (10.6.8 DVD #2) but it would not boot either (holding C launch 10.8, while holding option at startup gave choices of 10.8 or Apple Recovery). Checked permissions and they were fine. Also could not boot into safe mode as system hung with bar 1/4 of the way through loading.
Any thoughts what could be wrong? Running memtest overnight now.
iMac, Mac OS X (10.7.4), i7 16mb