One of our forum members, pallaire, seems to have found a solution, at least on his machine
About the lag that occurs upon launching Mail.app on 10.3.7.
It seems to be related to DNS.
I connect through DHCP behind a router, with a G5 dual 2GHz.
After I filled in the info about the DNS servers of my ISP in the network preferences panel, the app launched instantly. (before I had to wait over a minute)
