Funny, that was my first thought as well. Sometimes I start cmd.exe instead of powershell on rotating-disk machines because of the startup time. On SSDs I find the startup time is negligible.
In particular if you have left the prompt window untouched for a few hours and it has been paged out. Just pressing <tab> to complete a file name will hang for 3-6 seconds on my computer while PS wakes back up.
CMD is always instantaneous.
I realize that PS is doing a lot more work to match commands but sometimes simple is all that is needed.