INITDB hanging on Win2000/CygWin (PGSQL 7.2.1).

Trying to install Postgres version 7.2.1 on Windows2000, using the latest
Cygwin package, just downloaded. Default packages were installed, in addition
to the ones mentioned in 'install.hint' file. When running 'initdb' it hangs
after a few moments.

Output (with --debug option):

Running with debug mode on.

initdb variables:
PGDATA=/data2
datadir=/usr/share/postgresql
PGPATH=/usr/bin
MULTIBYTE=SQL_ASCII
MULTIBYTEID=0
POSTGRES_SUPERUSERNAME=Administrator
POSTGRES_BKI=/usr/share/postgresql/postgres.bki
POSTGRES_DESCR=/usr/share/postgresql/postgres.description
POSTGRESQL_CONF_SAMPLE=/usr/share/postgresql/postgresql.conf.sample
PG_HBA_SAMPLE=/usr/share/postgresql/pg_hba.conf.sample
PG_IDENT_SAMPLE=/usr/share/postgresql/pg_ident.conf.sample
The files belonging to this database system will be owned by user "Administrator
".
This user must also own the server process.

Fixing permissions on existing directory /data2... ok
creating directory /data2/base... ok
creating directory /data2/global... ok
creating directory /data2/pg_xlog... ok
creating directory /data2/pg_clog... ok
creating template1 database in /data2/base/1...

Output for a 'ps' command (in another Cygwin session):

PID PPID PGID WINPID TTY UID STIME COMMAND
956 1 956 956 con 500 21:35:56 /usr/bin/bash
1240 956 1240 1124 con 500 21:36:40 /usr/bin/sh
O 892 1240 1240 1248 con 500 21:36:42 /usr/bin/cat
1180 1240 1240 360 con 500 21:36:43 /usr/bin/postgres
O 1236 1240 1240 1024 con 500 21:36:43 /usr/bin/sed
I 1200 1 1200 1200 con 500 21:38:20 /usr/bin/bash
1232 1 1232 1232 con 500 21:41:12 /usr/bin/bash
1156 1232 1156 1252 con 500 21:41:14 /usr/bin/ps

output for 'set':

!C:='C:\extra\cygwin\bin'
ALLUSERSPROFILE='C:\Documents and Settings\All Users'
APPDATA='C:\Documents and Settings\Administrator\Application Data'
BASH=/usr/bin/bash
BASH_VERSINFO=([0]="2" [1]="05a" [2]="0" [3]="3" [4]="release" [5]="i686-pc-cygw
in")
BASH_VERSION='2.05a.0(3)-release'
COLUMNS=80
COMMONPROGRAMFILES='C:\Program Files\Common Files'
COMPUTERNAME=PRYDAIN
COMSPEC='C:\WINNT\system32\cmd.exe'
DIRSTACK=()
EUID=500
GROUPS=()
HISTFILE=/home/Administrator/.bash_history
HISTFILESIZE=500
HISTSIZE=500
HOME=/home/Administrator
HOMEDRIVE=C:
HOMEPATH='\'
HOSTNAME=PRYDAIN
HOSTTYPE=i686
IFS=$' \t\n'
LINES=25
LOGONSERVER='\\PRYDAIN'
MACHTYPE=i686-pc-cygwin
MAILCHECK=60
MAKE_MODE=unix
MANPATH=:/usr/ssl/man
NUMBER_OF_PROCESSORS=1
OLDPWD=/usr/bin
OPTERR=1
OPTIND=1
OS=Windows_NT
OS2LIBPATH='C:\WINNT\system32\os2\dll;'
OSTYPE=cygwin
PATH=/usr/local/bin:/usr/bin:/bin:/cygdrive/c/WINNT/system32:/cygdrive/c/WINNT:/
cygdrive/c/WINNT/System32/Wbem:/cygdrive/c/extra/PWRS/shared
PATHEXT='.COM;.EXE;.BAT;.CMD;.VBS;.VBE;.JS;.JSE;.WSF;.WSH'
PIPESTATUS=([0]="0")
PPID=1
PROCESSOR_ARCHITECTURE=x86
PROCESSOR_IDENTIFIER='x86 Family 5 Model 4 Stepping 3, GenuineIntel'
PROCESSOR_LEVEL=5
PROCESSOR_REVISION=0403
PROGRAMFILES='C:\Program Files'
PROMPT='$P$G'
PS1=$'\\[\\033]0;\\w\\007\n\\033[32m\\]\\u(at)\\h \\[\\033[33m\\w\\033[0m\\]\n$ '
PS2='> '
PS4='+ '
PWD=/home/Administrator
SHELL=/bin/bash
SHELLOPTS=braceexpand:hashall:histexpand:monitor:history:interactive-comments:em
acs
SHLVL=1
SQLANY='C:\SQLAny50\Win32;'
SYSTEMDRIVE=C:
SYSTEMROOT='C:\WINNT'
TEMP=/cygdrive/c/DOCUME~1/ADMINI~1/LOCALS~1/Temp
TERM=cygwin
TMP=/cygdrive/c/DOCUME~1/ADMINI~1/LOCALS~1/Temp
UID=500
USER=Administrator
USERDOMAIN=PRYDAIN
USERNAME=administrator
USERPROFILE='C:\Documents and Settings\Administrator'
WINDIR='C:\WINNT'
_=ps
i=/etc/profile.d/openssl.sh

Thanks in advance.

J.