I'm getting a 7-10 second delay for most everything that I'm doing. This includes:

Mining (time between pressing e and the animation starting)
Browsing shop's inventory (time between asking what's for sale and the inventory opening)
Any quest log related activity (time between turning in quest and pop up text appearing/getting credit)
The conversation prior to the first dragon took AGES because every interaction with the wizard, jarl, and advisor would have this delay
Same with the initial series of blacksmith quests in whiterun (crafting a dagger, sharpening, leather, etc.)
on and on...

It's severely impacting my ability to enjoy this fine game.

It's not an FPS issue as I have fraps running and everything is fine. Mouse response is fine throughout. Everything else about the game is fine.

Is anyone having this same issue and/or know what the problem is?

Thanks,
Dave

I have this issue and have still found no-one that can help me.