Hi Jeremy, I agree with Rolf's suggestion of taking the obtain queue outside the loop. Better efficiency and better memory management were the reasons why I removed the Obtain Queue from the while loop in the VI I had attached.
Please keep us posted on how the issue progresses. If none of this works, download the evaluation version of LabVIEW 7 (http://ni.com/labview) and see if that behaves similarly. Sincerely, Feroz