Louis Davidson has a utility to batch drop and re-create foreign key constraints:
I was working on a database a few weeks back (maybe longer, I am kind of busy with several projects right now), and I wanted to truncate a set of tables. There was one central table, and 8 tables related by a FOREIGN KEY constraint. The central table had 6 million rows, and a few of the other tables 20+ million. TRUNCATE is amazingly fast,and when I tried to just use DELETE, it took almost as long as it took me to load the tables. (Exaggeration? A little bit, but not as much as you might imagine, since I use SSIS to BULK LOAD these tables, and the source data is very simple.)
I could just get rid of the constraints, but as a relational db lover, I love constraints. When enforced, they protect me. When not enforced (like when SSIS disables them for a BULK LOAD operation), they are still good documentation. So as any good nerd programmer type would, I started coding a tool to deal with the constraints for me. And as a decent blogger, as soon as it started to get interesting, I realized I could blog about it and upload the code to my website. This in the end makes the code better, because I have to test more, and I learn stuff from readers reminding me things (like a FK script needs to honor CASCADE and NOT FOR REPLICATION, oops.)
Read on for a link to the utility, as well as an example.