Answer: The Foxhound post-setup process has begun to copy and upgrade the data stored in a previous version of the Foxhound database.

More information may be found in this file on Windows XP:

C:\Documents and Settings\All Users\Application Data\RisingRoad\Foxhound1\setup\post_setup_trace.txt

C:\ProgramData\RisingRoad\Foxhound1\setup\post_setup_trace.txt

See also...
How do I install a new version of Foxhound?