https://bugs.winehq.org/show_bug.cgi?id=39945
--- Comment #6 from curaga@operamail.com --- On Win 3.11, pressing V once shows the cross for a short time, around a second or so. Keeping it pressed shows it until you let go.
On Wine, the first press is described in the OP, keeping it pressed causes 100% cpu usage, and after letting the key go, it still hasn't drawn the cross as many times as the program requested, so this causes the lag. So not related to the keyboard, rather it's the drawing layer's fault.