For me, the extra time isn't too much of a burden. It does take longer than a few seconds but that's not my beef with it. My beef is with the problem of "so, what do I do? Insert or swipe?"

Some places require inserting. Some places still use swiping. There's a swipe area and an insert slot. The cashier looks at you like you're new to using credit cards when you don't guess the right method, even though it's different everywhere you go. It's a mess and apparently the chip isn't even a requirement. Screw the chip.