What, exact, version of After Effects are you using? 14.0.1? 11.0.4? 13.8.1?
What OS are you using?
Have you tried restarting your machine?
Does it do this in every project - even brand new ones or just one particular project?
I'm clearly not the only one experiencing this issue either.
I'm on these forums and the /r/AfterEffects subreddit a lot and what you describe is not something I've seen much of. In fact, I don't remember seeing anything close to what you describe on these forums for well over a year.
Oh...sorry, forgot to mention, Restart...no difference, brand new project no difference...the preview panel seems to be pretty much the problem....I'll live with it for now.
OK update...so I flushed my CC library...purged all disk cache and graphics etc...now works a doozy!!!....strange, but back in the game, sorry for ranting.
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Glad it's working for you! Perhaps if you see a similar thread, you can share this solution with them too. I know I will.