Performance issues when running Sponsorship queries after upgrading to 4.0

It is possible to run queries against your Sponsorships in CRM.  After upgrading to 4.0, you may notice performance issues when running Sponsorship queries.  
We're currently evaluating this issue for a fix in a future patch or service pack.  

Steps to Duplicate

1.  Log-in to CRM.
2.  Go to Analysis, Ad-hoc Query Search, and pull up your query.  Attempt to run this query and notice it processes for hours. 

Environment

 Blackbaud CRM
 4.0

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