Yes, that is correct.
Viewing a geocache, tap the icon in the upper right corner of the screen, select add New Waypoint and it takes 5 or more seconds to save after I tap the check mark. This is new behavior.
If I am just on the map screen and hit the + icon to add a waypoint, it saves instantly.
I did have about 40 lists of geocaches, but most are small, perhaps 20-30 points each. I deleted all but 10 or so and it makes no difference to this.