For those experiencing connectivity issues, the problem can be sourced to a software/hardware (router) firewall. The 'Connecting to Xbins, please be patient ...' message is displayed whilst initiating a connection to an EFnet IRC server (where the #xbins channel resides), so if this message is the only output, this indicates that the program is recursively attempting to initiate a connection, due to repeated failure.
I recommend that if you're using a firewall, you add \Xbins\Xbins\bin\xbins.exe to the application exclusion list (IMON > Setup > Misc > Exclusion: Edit, if using NOD32), or in the case of ZoneAlarm, I believe there is an 'Allow IRC' option which can be enabled, please do your own research for your specific firewall on allowing IRC access. Alternatively, if your firewall allows it, adding port '6667' to the allowed ports list will fix the problem. The same applies for your router, port 6667 must be allowed.
If after configuring your firewall/router properly, you are still unable to connect, then give up. There may be a restriction set by your ISP, where IRC access is not allowed for whatever reasons, or the IRC server itself may be rejecting the connection itself, such as in the case of an entire ISP's IP subnet being banned, which is unlikely (plus I coded it to jump to the next server in such a case). So please ensure your firewall/router is configured properly before declaring that this application is faulty, as it is not. Hope this helps :-)
(To the poster above: What about the windows firewall? Is that disabled too? Also, some security software still operates in a minimal security mode, running vital backend components when apparently 'disabled', which can cause problems in rare circumstances. I recommend that you leave any security software turned on if installed, and just configure it with IRC properly.)
By the way, I am quite amazed at how many people are using this app. Something I did over a weekend that I expected half a dozen people to actually download and use, has been downloaded over 40,000 times according to download stats found on google-indexed websites, so I would like to thank those who have submitted it to websites such as 360Mods, are seeding torrents for it, and are recommending it in their guides/forum posts, and to Xbins for adding it to their archive, and providing such as great service.