IPhoto freezes when Preferences/Accounts selected

Question

I am using iPhoto '11, ver. 9.2 (626) with OSX 10.7.4.  I used iPhoto Library Manager to rebuild my Library and everything seems to be working just great except when I select Preferences - Accounts.  When the screen displays, it highlights MobileMe and shows "iDisk Usage" and the twirling rainbow wheel starts.  I have to force quit to get out.  I know MobileMe is no longer available but how do I get into Preferences to remove the account?
Attached is screen shot:

Answer 1

Try this:  launch iPhoto with the Option key held down and create a new, test library.  Import some photos and check to see if the same problem persists. If it doesn't then it's your current library that's the culprit. 
If that's the case  make a temporary, backup copy (select the library and type Command+D) and  apply the two fixes below in order as needed:
Fix #1
Launch iPhoto with the Command+Option keys held down and rebuild the library.
Since only one option can be run at a time start with Option #1, followed by #3 and then #4 as needed.
Fix #2
Using iPhoto Library Manager  to Rebuild Your iPhoto Library
Download iPhoto Library Manager and launch.
Click on the Add Library button, navigate to your Home/Pictures folder and select your iPhoto Library folder.
Now that the library is listed in the left hand pane of iPLM, click on your library and go to the File ➙ Rebuild Library menu option
In the next  window name the new library and select the location you want it to be placed.
Click on the Create button.
Note: This creates a new library based on the LIbraryData.xml file in the library and will recover Events, Albums, keywords, titles and comments but not books, calendars or slideshows. The original library will be left untouched for further attempts at fixing the problem or in case the rebuilt library is not satisfactory.