The same problem occured here, and indeed I have smb bookmarks, but after 
today's hardy-updates it got worse (currently running gvfs 0.2.5 and 
gnome-panel 1:2.22.2-0ubuntu1.1). strace-ing gnome-panel showed:
  [0] restart_syscall(<...resuming interrupted call ...>

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Gnome-panel hangs, UI unresponsive
https://bugs.launchpad.net/bugs/239471
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