Recently I upgraded to the new IE 7. While I do like the looks of it, It has really slowed down my Internet experience. Are there tweaks or any settings that I can change or is it a memory thing?

Hi lazlopitt and Welcome to Bleeping Computer
Have a read "Problem: Slow Startup" and "Problem: Slow Page Rendering" at

http://www.enhanceie.com/ie/troubleshoot.asp
and "Speak Tweaks at http://www.enhanceie.com/ie/tweaks.asp

You could always revert back to IE6 or try another browser like Firefox.