If your connection is even slightly toward the slow side, it may not be hung. It can just take a while to get from 0% to 1% right now.
Due to both ISO building and putting the repo in order, I believe every package we have has been rebuilt and output to untested. That makes the PACKAGES.TXT file that slapt-get/Gslapt is grabbing 89M in size for right now. Once all is done, packages that are on the ISO will go to packages/, and the rest to extra/. Also, the builder may have been heavily accessing untested at the time, dunno. Untested is made for scratch use, more or less, not really as a multiple-user repo as it has been required to be used for so long now.
But just so you can check your URL, the line is:
I believe you're on 32-bit iirc.
If it's 64-bit