I have a asp.net 3.5 web application running fine on Windows2003 IIS6. I published same exact application to IIS7.5 (Win2008R2) on a faster box (i5,8Gram) and it is significantly slower. 5-6 sec per page vs. 1-2 sec per page. During that time the Task Mgr CPU is always under 10%. Both attach to same database on other box. Benchmark is consistent from any other client browser or machine. I have connection pool on both, compression on both. Same network subnet. Forms authentication (no SSL yet). Can you give me steps on how to troubleshoot where the delays are being inserted or settings in IIS7 that I may have overlooked. Just using defaults.

There is only 1 web site on each box. I understand the roles of an Application as defined in IIS has changed. There is no special Application defined in IIS.