During our build process we run aspnet_compiler.exe against our websites to make sure that all the late-bound stuff in ASP.NET/MVC actually builds (I know nothing about ASP.NET but am assured this is necessary to prevent finding the failures at runtime).
Our sites are fairly large in size, with a few hundred pages/views/controls/etc. however the time taken seems excessive in the 10-15 minute range (for reference, this is longer than it takes the entire solution with approx 40 projects to compile, and we're only pre-compiling two website projects).
I doubt that hardware is the issue as I'm running on the latest Quad core Intel chip, with 4GB RAM and a WD Velociraptor 10,000rpm hard disk. And part of what's odd is that the EXE doesn't seem to be using much CPU (1-5%) and doesn't seem to be doing an awful lot of I/O either.
So... is this a known issue? Why is it so slow? And is there any way to speed it up?
Note: To clarify a couple of things people have answered about, I am not talking about the compilation of code within Visual Studio. We're using web application projects already, and the speed of compilation of those is not the issue. The problem is the pre-compilation of the site after these projects have already been compiled (see this MSDN page for more details) as part of the dev build script. We are performing in-place pre-compilation, not copying the files to a target directory.
You'll get better compilation times using Web application project instead of Web site model.