Since setting up my development environments on Mac OS X Lion (brand new macbook air purchased in January 2012), I have noticed that resolving to a virtual host is very slow
I've run into this a bunch, too. I have a bunch of vhosts defined on two lines, one for IPv4 and one for IPv6. Moving the host I was trying to resolve to be first in the list sped it up.
127.0.0.1 faster.example.dev host1.example.dev host2.example.dev host3.example.dev host4.example.dev host5.example.dev host6.example.dev
::1 faster.example.dev host1.example.dev host2.example.dev host3.example.dev host4.example.dev host5.example.dev host6.example.dev