SONAR has a mode that kicks in when CPU cycles are in short supply, wherein visual components are deprecated in favor of the audio stream. The most obvious symptom is a jerky time line and lagging response to button clicks and dragging knobs and sliders during playback.
Try bypassing effects, starting with busses, and re-enable them after you've finished tracking. You might also check your Windows task list for any processes that can be killed, e.g. OSPPSVC.EXE. If you have a network adapter in your DAW, see if disabling it doesn't fix the problem.