I just had a quick look at dropbox with ProcMon, and I learned that
1) when I created a new text file on my desktop, it was not read by Dropbox
2) when I created a new text file in my dropbox folder, it was immideately read by Dropbox
3) I have to find some sync tool that doesn't feel the need to enumerate my network interfaces 3 times every second, when nothing is actually changing.