at the begining I'm sorry if I duplicated this feature or this feature is already in place (and I can't find it) but this might help for huge sfdc project.
While creating new project I need to wait around 10 minutes to download all the metadata. It's because I have a lot of Reports and Dashboard (I also have a lot of ApexClasses, Custom Objects but these are loading quick).
Maybe there can be option to stop downloading metadata and select ones that already are in the list and don't wait for Reports and Dashboard. I need to wait 10 minutes to download 1 Apex Page and VF Page :)