Delays I experienced... I was playing local split-screen.
Delay in chopping trees, character would freeze for a split second and begin chopping animation again.
Delay in breaking rocks - Same as tree delay.
The worst delay was in battle though. I could not catch a pigman, once I initiated a battle pig would strike me and then I would try to hit back; delay would give them ample time to escape my area of attack. Same for tall bird battle and hounds. I was playing as Wigfrid so I should have been able to tank these enemies. Only way I was able to take them down was to stay still and fight in a peone position. Could not kite... :'(