Well, that certainly does sound slow compared to what I see!
I will say, though, that I have an older camera with "only" 13Mps, and I also have a more "robust" system, with a quad-core processor and running Winx64 with 8GB of RAM...
But still your stuff sounds real slow!
I just opened a folder with 49 Raw files and it took less than 2 seconds to generate all the previews. Then if I double-click a file the image shows up in a full-screen view in the Edit layout, and it does that in, gosh, considerably less than a second. If I go back to the "Main" window, and click on the Quick View, it again takes less than a second, and if I in the Quick View click on Full Screen, again, less than a second, and when I say less than a second I mean way less!
Now granted, my 13Mp Raw files vary from 12-14 MegaBytes, but still it sounds like something's going on with your system...
Of course a place to start would be upgrading your Windows to 64-bit and then adding more RAM, in fact I'd say max it out and try it out before your next "move".
Then, though, things can get complicated...replacing your CPU may not be the best thing for you (depending on your budget)...in the meantime you'd want to see if anything shows up, such as stuff running (under the hood). You can take a look in your Task Manager for applications, processes and services, and if anything there is not needed to run your system turn it off, at least wile you trouble-shoot your DPP performance. In fact, the Task Manager can also be handy by checking out the Performance tag -- it shows you processor and RAM usage, you can look at it as you start DPP and then open a folder, do what your do (although you'll need to be using a smaller window with DPP so that you can see the Task Manager at work).
Then, there is a utility called MSConfig that you can get to by hitting the Start button then in the little Programs window typing "msconfig"/Enter. What will come up should have a lot in common with what shows in the Task Manager, but check it out and see if anything shows up...
And then, of course, there are viruses and malware that can creep in and really mess things up! Some of them you could "catch" with the TM and/or msconfig, but there is really no substitute for a decent antivirus/antimalware system. Fortunately, there a some decent ones available for free! They can both detect and remove the infections! Another app to install and try is CCleaner, it could pick something up.
Beyond that, well, if those things don't solve your problem, you will have to consider "system issues", which could be a combination of hardware and software...
You can try uninstalling and re-installing DPP, in fact, if you have a second hard drive you could even uninstall and re-install Windows, or, if there was a time when things behaved better, you could do a Windows System Restore to back then, but otherwise...
If you find that other programs, especially photo viewing/editing programs (try converting/saving some high-quality jpegs and opening them in something), well if they are also slow then that could give you a clue, although the bottom line would be "what is the root cause and what is the fix?".
Hey, if you are unable to at least upgrade your OS to 64-bit and then your RAM to at least 8-bits, then maybe it's time to save your nickels and dimes for a new workstation/