You may have got a faulty update from ALK- there have been reports of failed updates and other odd stuff

Do you have the original CD still? It might be worth reintalling the default version to see if it fixes it. CPL7 ought to start up in about 10-15 seconds.
SatNav programs do need a lot of memory- make sure you turn everything else off first, before running CPL.
The Orbit2 definitley supports most mono and stereo BT headsets, so either you have a configuration problem, or possibly you have one of the few unsupported headsets- which are you using?