So, to report back on my findings last night, I started up Sonar in safe mode. First attempt, I bypassed all plugins, and the project loaded no problem. Next, I loaded each plugin one at a time until I found the plugin causing the problem. I found that If I didn't load the Nebula 3 plugin on my drum track, the project would load with all the other plugins. I was using the same plugins prior to Ipswich, and they were all loading fine. Not sure what changed.
Update!!!!!
I found the cause of my problem above. A couple days ago I was trying out WASAPI mode, to compare with ASIO. After I finished, I forgot and left my driver set to WASAPI mode. This is what caused the sudden problem with Nebula3. After switching my driver back to ASIO mode, I was able to load my previous project files with out disabling Nebula 3 first.
FYI. I still get the high CPU activity on CPU 1. Not sure what's going on there.