Yes there is a 3 day delay on creating new subreddits at the moment, after you create a new account. We're sorting out some issues to make sure everything is good before we want new subs being created. We just need to make sure everything is unfolding properly as people join, doing testing and so on, so we have to kind of stage things day by day so we have a good eye on everything here right at the start.

Thanks for your patience.

If there's a specific sub you want right now, let me know and I can create it for you and make you mod. Or you can wait a few more days and do it yourself, either way.