In consideration of this item, http://feedback.telerik.com/Project/161/Feedback/Details/126710-project-connected-to-tfs-waiting-for-long-time-to-finish-connecting, 

another idea is to giving the user the ability to load project without checking TFS for status so that the project would load as if it was not checked to TFS, but does not go through the hassle of checking every single file