Here (Belgium, Europe) it's also unbearable slow most of the time. It even made me use imap to fetch mail. That seems to be unaffected by the slowness, so I guess they are only having issues with the front-end. That or they are re-factoring/changing the way it works.

I'm having the problem for a couple of weeks now by the way.

-- Edit: Just thought of it, wave could have something to do with it...