I had the same issue. I started VS with logging enabled as explained here. Once VS had started and froze on attempting to load the toolbox, I read the log file. I searched for "Warning" and the first entry was the following.
<entry>
<record>39</record>
<time>2013/03/07 22:30:32.671</time>
<type>Warning</type>
<source>VisualStudio</source>
<description>The CTM file is out of date and should be deleted and rebuilt, but the file 'C:\ProgramData\Microsoft\VisualStudio\10.0\1033\devenv.CTM' could not be deleted.</description>
</entry>
I ran VS as administrator, waited until it locked up. I used task manager to kill the VS process. I ran VS as administrator once again, and used task manager to kill the process. I then ran VS as I normally would. It took a moment to load the toolbox items, but didn't freeze. I closed VS again, and opened it as I normally would, and it loaded instantly as it normally would.
answered 2013-03-07T22:50:20.327