Well, being a teacher by profession, I'm used to people doing other things I recommend. I said JRE out of a certain reason.
Anyways, when opening the Task Manager you should be able to identify the process that uses most of the CPU. And my question remains whether it is LW or the Java process that uses most of the CPU???
Other suggestions would be to try to delete the LW preference folder, though I'm not sure whether that will make a difference.
Have you ever looked at the possibility that you might have somewhere a confilct? Maybe uninstalling LW, booting in safe mode and installing LW while in safe mode might bring a change...........other than that I'm not sure....