FYI- I was able to resolve this... sort of.
Apparently this is a problem with IE versions 6-8 and the way it handles transparent png files. If you are interested in the details, you can look here: http://www.techsupportforum.com/design-forum/web-design-development/329328-xxx-items-remaining-ie-slow-page-loading-problem.html
Others who have encountered this haven't come up with a fix. However, I was able to significantly speed up the load time for custom presentation files by changing this file:
C:\AwareIM\Tomcat\webapps\AwareIM\aware_ext\resources\css\iepngfix.htc
After I removed ALL code from that file and left it completely empty (0 KB), the "items remaining" countdown was significantly faster because each "item" being loaded didn't have to churn through a whole page of code that exists in that htc file.
So if you run into this problem and are looking for a workaround that will make your application functional, this may work for you too.