Ecosystem being slow to adopt it is something that can be fixed or improved, but also more importantly (given jpegxl & avif comparisons) are things that will impact any new image format.
Meanwhile annoyances of the codec tend to be things that are dramatically harder to deal with. Like HEIC being a license minefield and also slow as shit. Or that many of these newer image codecs do not have ways to work with them in a memory efficient manner like jpeg does (see eg libjpeg-turbo's sample size & skip scanline options). Or WebP insisted on being in a RIFF container for... uh... absolutely no fucking reason whatsoever afaict. Fortunately RIFF is so trivial that this overhead doesn't actually matter in practice, but then HEIC & AVIF dials up the annoying container bullshit to 11 thanks to their video heritage with ISOBMFF
How much slower? I'm finding very conflicting numbers.
But on the timescale of "wow this still doesn't support webp" those patents will solve themselves soon.