okay here what is notable:
File Name        :    explorer.exe
     Friendly Name        :    Windows Explorer
     Version        :    6.1.7600.16385 (win7_rtm.090713-1255)
     Total Time        :    9321ms
     Degradation Time    :    4321ms
"Background optimizations (prefetching) took longer to complete, resulting in a performance degradation in the system start up process: 
     Name        :    BackgroundPrefetchTime
     Total Time        :    41613ms
     Degradation Time    :    9582ms
     Incident Time (UTC)    :    2010-04-15T06:22:15.671600000Z"
File Name        :    hon.exe
     Friendly Name        :    Heroes of Newerth
     Version        :    0, 1, 54, 0
     Total Time        :    7081ms
     Degradation Time    :    2081ms
001 8:31:07 AM    Microsoft-Windows-Diagnostics-Performance    203    Shutdown Performance Monitoring    "This service caused a delay in the system shutdown process: 
     File Name        :    CryptSvc
     Friendly Name        :    Cryptographic Services
     Version        :    6.1.7600.16385 (win7_rtm.090713-1255)
     Total Time        :    5884ms
     Degradation Time    :    1884ms
Monitoring    "This service caused a delay in the system shutdown process: 
     File Name        :    WinDefend
     Friendly Name        :    Service Module
     Version        :    6.1.7600.16385 (win7_rtm.090713-1255)
     Total Time        :    8505ms
     Degradation Time    :    4505ms
Warning    14/04/2001 3:11:06 AM    Microsoft-Windows-Diagnostics-Performance    501    Desktop Window Manager Monitoring    "The Desktop Window Manager is experiencing heavy resource contention.
     Reason    :    Graphics subsystem resources are over-utilized.
     Diagnosis    :    A sharp degradation in Desktop Window Manager responsiveness was observed."
Warning    14/04/2001 3:11:06 AM    Microsoft-Windows-Diagnostics-Performance    500    Desktop Window Manager Monitoring    "The Desktop Window Manager is experiencing heavy resource contention. 
     Scenario    :    The Desktop Window Manager responsiveness has degraded."
Warning    14/04/2001 2:13:10 AM    Microsoft-Windows-Diagnostics-Performance    500    Desktop Window Manager Monitoring    "The Desktop Window Manager is experiencing heavy resource contention. 
     Scenario    :    Video memory resources are over-utilized and there is thrashing happening as a result. Reducing number of running programs and open windows may help resolve this condition."
Warning    14/04/2001 1:57:43 AM    Microsoft-Windows-Diagnostics-Performance    501    Desktop Window Manager Monitoring    "The Desktop Window Manager is experiencing heavy resource contention.
     Reason    :    Graphics subsystem resources are over-utilized.
     Diagnosis    :    A sharp degradation in Desktop Window Manager responsiveness was observed."
Warning    14/04/2001 1:57:43 AM    Microsoft-Windows-Diagnostics-Performance    500    Desktop Window Manager Monitoring    "The Desktop Window Manager is experiencing heavy resource contention. 
     Scenario    :    The Desktop Window Manager responsiveness has degraded."
"This application took longer than usual to start up, resulting in a performance degradation in the system startup process: 
     File Name        :    msnmsgr.exe
     Friendly Name        :    Windows Live Messenger
     Version        :    14.0.8089.0726
     Total Time        :    8939ms
     Degradation Time    :    3939ms
looks to me you have ram stress - the system overall behaves a bit draggy watch the degradation times > 1 sec (1000ms). Somehow your box is hogging. My suggestions:
1) cleanup ram/background processes
2) make sure latest chipset/hdd/audio drivers are installed
3) video driver got some issues - sweep the driver then reinstall
4) win defender? - install MSE instead
5) Heroes of Newerth seems a hog too
maybe add another 2GB ram for better performance - your system hdd is stressed! Good idea to run a malware checker or once MSE is installed run a full scan.
Broome your box, buddy, then things will improve.