They seem to have added a deliberate delay between button presses. It's noticeable also when you first connect the device and enter your PIN to unlock it. I remember reading about something like that in the past, but I can't find any source now to confirm it and I don't remember what reasons they gave for doing that. Have you checked in the settings menu if there is an option to speed it up? I will have to generate a new BTC addy later today so I will take a look myself and report back if I find something.
I know this reply comes a few months later but they did not add an option to remove the delay. This sucks. Imagine Windows suddenly imposed a delay between key presses that you can not change.
In fact, things got even worse. With the latest firmware updates they also added this two or three second hold to open Settings. So now you have a delay between button presses and it takes seconds to access the Settings menu. They even added this warning thing for the Passphrase setup. So if before I was able to go from entering the pin to the Passphrase setup menu in half a minute, now it takes at least 2 minutes to do it.
It seems very obvious to me now that with every update they are trying to make us move on to a 'better' product of theirs. The effect it had on me is exactly the opposite though, I have moved everything to a fully open source hardware wallet now. Congrats, Ledger! You only lost another customer.
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Regards,
PrivacyG