Hi, I've installed Newest Eclipse with the latest realease of Force.com IDE

The problem is i keep getting timeout exception, trying to deploy even sipliest class to the server (as well as in case of refreshing project from the server)

The timeout is set to 600 sec but the connection fail is occurring after 20-30 secs.

Hese is my IDE log dump:

 WARN [2011-01-25 22:00:12,909] (ProxyManager.java:init:49) - No proxy bundle found - default proxy service will be initialized
ERROR [2011-01-25 22:01:43,909] (MetadataOperationsRetryAspect.java:metadataOperationsRetry:24) - ForceRemoteException occurred while attempting to perform a metadata operation
 WARN [2011-01-25 22:01:43,957] (BaseRetryAspect.java:isExceptionRetryable:198) - General evaluation deemed exception not retry-able:
 ConnectException: Connection timed out: connect
ERROR [2011-01-25 22:01:43,962] (PackageRetrieveService.java:retrieveWork:1065) - Unable to retrieve components: ConnectException: Connection timed out: connect
ERROR [2011-01-25 22:01:44,288] (RefreshResourceAction.java:fetchRemoteComponents:94) - Unable to refresh resource(s)
java.net.ConnectException: Connection timed out: connect
    at java.net.PlainSocketImpl.socketConnect(Native Method)
    at java.net.PlainSocketImpl.doConnect(Unknown Source)
    at java.net.PlainSocketImpl.connectToAddress(Unknown Source)
    at java.net.PlainSocketImpl.connect(Unknown Source)
    at java.net.SocksSocketImpl.connect(Unknown Source)
    at java.net.Socket.connect(Unknown Source)
    at com.sun.net.ssl.internal.ssl.SSLSocketImpl.connect(Unknown Source)
    at com.sun.net.ssl.internal.ssl.SSLSocketImpl.<init>(Unknown Source)
    at com.sun.net.ssl.internal.ssl.SSLSocketFactoryImpl.createSocket(Unknown Source)
    at org.apache.axis.components.net.JSSESocketFactory.create(JSSESocketFactory.java:130)
    at org.apache.axis.transport.http.HTTPSender.getSocket(HTTPSender.java:157)
    at org.apache.axis.transport.http.HTTPSender.invoke(HTTPSender.java:114)
    at org.apache.axis.strategies.InvocationStrategy.visit(InvocationStrategy.java:71)
    at org.apache.axis.SimpleChain.doVisiting(SimpleChain.java:150)
    at org.apache.axis.SimpleChain.invoke(SimpleChain.java:120)
    at org.apache.axis.client.AxisClient.invoke(AxisClient.java:180)
    at org.apache.axis.client.Call.invokeEngine(Call.java:2564)
    at org.apache.axis.client.Call.invoke(Call.java:2553)
    at org.apache.axis.client.Call.invoke(Call.java:2248)
    at org.apache.axis.client.Call.invoke(Call.java:2171)
    at org.apache.axis.client.Call.invoke(Call.java:1691)
    at com.sforce.soap._2006._04.metadata.MetadataBindingStub.checkRetrieveStatus(MetadataBindingStub.java:1850)
    at com.salesforce.ide.core.remote.MetadataStubExt.checkRetrieveStatus(MetadataStubExt.java:261)
    at com.salesforce.ide.core.remote.MetadataStubExt$$FastClassByCGLIB$$9404e285.invoke(<generated>)
    at net.sf.cglib.proxy.MethodProxy.invoke(MethodProxy.java:149)
    at org.springframework.aop.framework.Cglib2AopProxy$CglibMethodInvocation.invokeJoinpoint(Cglib2AopProxy.java:700)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:149)
    at org.springframework.aop.aspectj.MethodInvocationProceedingJoinPoint.proceed(MethodInvocationProceedingJoinPoint.java:77)
    at com.salesforce.ide.core.internal.aspects.MetadataOperationsRetryAspect.metadataOperationsRetry(MetadataOperationsRetryAspect.java:22)
    at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
    at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
    at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
    at java.lang.reflect.Method.invoke(Unknown Source)
    at org.springframework.aop.aspectj.AbstractAspectJAdvice.invokeAdviceMethodWithGivenArgs(AbstractAspectJAdvice.java:627)
    at org.springframework.aop.aspectj.AbstractAspectJAdvice.invokeAdviceMethod(AbstractAspectJAdvice.java:616)
    at org.springframework.aop.aspectj.AspectJAroundAdvice.invoke(AspectJAroundAdvice.java:64)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:171)
    at org.springframework.aop.interceptor.ExposeInvocationInterceptor.invoke(ExposeInvocationInterceptor.java:90)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:171)
    at org.springframework.aop.framework.Cglib2AopProxy$DynamicAdvisedInterceptor.intercept(Cglib2AopProxy.java:635)
    at com.salesforce.ide.core.remote.MetadataStubExt$$EnhancerByCGLIB$$6c4872ef.checkRetrieveStatus(<generated>)
    at com.salesforce.ide.core.services.PackageRetrieveService.getRetrieveResult(PackageRetrieveService.java:948)
    at com.salesforce.ide.core.services.PackageRetrieveService.retrieveWork(PackageRetrieveService.java:1053)
    at com.salesforce.ide.core.services.PackageRetrieveService.retrieveWork(PackageRetrieveService.java:1006)
    at com.salesforce.ide.core.services.PackageRetrieveService.retrievePackage(PackageRetrieveService.java:319)
    at com.salesforce.ide.core.services.PackageRetrieveService.retrievePackage(PackageRetrieveService.java:290)
    at com.salesforce.ide.ui.actions.RefreshResourceActionController.refreshSourceFolder(RefreshResourceActionController.java:210)
    at com.salesforce.ide.ui.actions.RefreshResourceActionController.refreshResources(RefreshResourceActionController.java:137)
    at com.salesforce.ide.ui.actions.RefreshResourceAction$1.execute(RefreshResourceAction.java:67)
    at org.eclipse.ui.actions.WorkspaceModifyOperation$1.run(WorkspaceModifyOperation.java:106)
    at org.eclipse.core.internal.resources.Workspace.run(Workspace.java:1975)
    at org.eclipse.ui.actions.WorkspaceModifyOperation.run(WorkspaceModifyOperation.java:118)
    at org.eclipse.jface.operation.ModalContext$ModalContextThread.run(ModalContext.java:121)
 WARN [2011-01-25 22:07:54,631] (Utils.java:loadDocument:790) - Unable to load document: C:\Users\krzewinski.DAX\workspace\.metadata\.plugins\org.eclipse.core.resources\.projects\InteliWiseTest1\com.salesforce.ide.core\packageCache.xml (Nie można odnaleźć określonego pliku)
 WARN [2011-01-25 22:19:01,328] (ConnectionFactory.java:clearCache:212) - Clearing the following cached connections
 WARN [2011-01-25 22:19:01,333] (DescribeObjectRegistry.java:clearCache:654) - No cached describes
 WARN [2011-01-25 22:19:01,336] (MetadataFactory.java:clearCache:134) - Clearing the following cached metadata stubs
 WARN [2011-01-25 22:19:32,828] (ProxyManager.java:init:49) - No proxy bundle found - default proxy service will be initialized
 WARN [2011-01-25 22:22:24,546] (BaseRetryAspect.java:isConnectionExceptionRetryable:130) - Connection evaluation deemed exception not retry-able:
 ConnectException: Connection timed out: connect
 WARN [2011-01-25 22:22:24,550] (BaseRetryAspect.java:isOperationsExceptionRetryable:159) - Operataions evaluation deemed exception not retry-able:
 ConnectException: Connection timed out: connect
 WARN [2011-01-25 22:22:24,612] (ApexCodeScanner.java:generateKeywordRule:139) - Unable to get describe object for type project 'InteliWiseTest1'

Any help would be preciated