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Thank you for your input and ideas.
~Smitty
But this might be a possible fix, as well:
SYMPTOMS
On a computer that is running Microsoft Windows Server 2003, the W3wp.exe process consumes up to 99 percent of the CPU resources every several minutes. This problem occurs if the following conditions are true:
•Microsoft Exchange Server 2003 is running on the computer.
•Microsoft Outlook Web Access (OWA) is installed on the computer.
•The Front-end server only option is enabled in Exchange Server 2003.
Amazingly, this the the second result for a Google search on "w3wp".
Not good when the second Google result on a program name is a bug!