Thanks! for getting back so fast. I was able to find that registry setting and that is a possible solution. However, this application is deployed through Citrix with multiple users on the same server. I'm hesitant to go hacking the registry in that environment for fear of causing problems for other users. I'm guessing that this particular setting is not exposed through ArcObjects since I'm not able to find any references to it anywhere. If that's the case, then the users will just have to learn to be patient while the process is running and those large data sets are drawing. I will check with the Citrix administrator about possible issues around making those kinds of registry changes.
Thanks again.