I’ve filed a bug.
From the log, clicking on a project created the following log, which I captured until the boot screen appeared. Briefly before the editor boot screen appeared, a loading/processing bar appeared under the project name.
The logs actually show that it took closer to two minutes, not 30 seconds, in this instance. While waiting I did move focus between the text viewer with the logs and the hub client itself.
{"timestamp":"2026-04-15T21:34:22.387Z","level":"info","moduleName":"AmplitudeExperimentService","pid":12992,"message":"Fetching feature flags"}
{"timestamp":"2026-04-15T21:34:22.399Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:34:22.534Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:34:32.816Z","level":"info","moduleName":"LicensingSdkService","pid":12992,"message":"checkEntitlements: checking entitlements for: com.unity.editor.ui"}
{"timestamp":"2026-04-15T21:34:32.827Z","level":"info","moduleName":"LicensingSdkService","pid":12992,"message":"Successfully checked for entitlements request."}
{"timestamp":"2026-04-15T21:34:43.460Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:34:43.510Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:34:49.598Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:34:49.647Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:35:46.915Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:35:46.918Z","level":"info","moduleName":"AmplitudeExperimentService","pid":12992,"message":"Fetching feature flags"}
{"timestamp":"2026-04-15T21:35:47.014Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:36:09.354Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:36:09.420Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:36:14.030Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:36:14.077Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:36:14.963Z","level":"warn","moduleName":"LocalProject","pid":12992,"message":"project.openInEditorUrl ipc message is supported."}
{"timestamp":"2026-04-15T21:36:31.836Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Fetching banners from hub-globalBanners document for language: en"}
{"timestamp":"2026-04-15T21:36:31.881Z","level":"info","moduleName":"sanityCMS:fetchBanners","pid":12992,"message":"Successfully fetched banners from hub-globalBanners document"}
{"timestamp":"2026-04-15T21:36:32.172Z","level":"warn","moduleName":"LocalProject","pid":12992,"message":"show.package.manager ipc message is supported."}
{"timestamp":"2026-04-15T21:36:32.173Z","level":"info","moduleName":"LocalProjectService","pid":12992,"message":"openProject projectPath: D:\\Development\\Projects\\REDACTED\\midiaudiotesting\\midiaudiotesting_unity, current editor: undefined"}
{"timestamp":"2026-04-15T21:36:32.173Z","level":"info","moduleName":"IPCServer:LocalProject","pid":12992,"message":"Forwarding postal event: project.opened"}
{"timestamp":"2026-04-15T21:36:32.173Z","level":"info","moduleName":"LicensingSdkService","pid":12992,"message":"checkEntitlements: checking entitlements for: com.unity.editor.ui"}
{"timestamp":"2026-04-15T21:36:32.185Z","level":"info","moduleName":"LicensingSdkService","pid":12992,"message":"Successfully checked for entitlements request."}