Nope i don't agree, it's fine the way it is, this game isn't starcraft.
I didnt say throw the current speed out - just add faster options for people who do not want to spend 5 hours for a medium game . I cant even think about larger games with such snail crawling pace. 2x and 4x imho is much more of a reasonable game speed.
how could you even manage your empire when going that quickly...
There is not a lot to manage frankly. I just sit back and wait for my ships tor travel accross the lanes, resources accumulated and ships built most of the time - booooring.
Combat is very slow as well -2x-4x time would still be manageable .