The number of tracks you can see has little or nothing to do with your rendering time. The type of file container you are using, the number of effects and transitions and complexity of the titles you use are most likely the cause of slow rendering. If you just want do display your poject during playback and get rid of some of the lag in timing, you could just change your video settings by going to File then Program Settings, then Video/Audio tab and adjust the "Movie Display" down to half or quarter resolution. It should help but won't get it perfect. If you are using "Preview Rendering" remember every time you change something in the timeline you need to re-render that part.
In addition to George's answer and being more specific - the speed of rendering also depends a great deal on your computer specification and the format you are rendering to.
If the source video format and destination format are the same then th speed of rendering will be faster then when they are different.
Working with HD video is very processor intensive and requires a decent quad core computer to get reasonable render speeds.
Come back with yur computer specification and version of Windows you are using, the format of the source video and the final output format your are rendering to eg mp4, mpg, DVD, BD, etc.
In addition to George's and Johns answers: If you will 'get rid of' the unused tracks, go to Movie settings (Shortcut E) and write in the number of tracks you want.
I have seen it suggested by some of the experienced members that reducing the number of tracks does help preview performance but it is hard to imagine it would be by much.
Still I guess the program would not have the facility to reduce the number of tracks if it did not have some effect...?
The number of available tracks has pretty much nothing to do with rendering. If it does, it is miniscule. My answer while technically had some merit and was generically correct, John's answer has by far the biggest impact on rendering time. I just assumed that the person asking the question had a high end processor with a lot of RAM, bad assumption on my part. If you don't have a fast multicore processor and a decent amount of RAM, you are basically dead in the water before you start.