Nikon D40x won't shoot multiple photos in continuous mode?

I've been shooting with a Canon for a few years now. I just picked up an almost new Nikon D40x from an art student here in town to try out a Nikon and see how I like them. Thing is now that I've got it home I realized that it only takes one photo at a time. It is in continuous shooting mode and I have tried in in all modes from auto to full manual. I have completely reset the camera to make sure it wasn't a setting but when i hold down the button it just takes one picture even in jpeg basic size. Is there something i could be missing? Could the SD card be holding it up (its a slow one i had laying around) or could there be something wrong with the camera?

Get out the manual, see if there's a setting you could have missed (long exposure noise reduction and d-lighting come to mind, not sure if the d40x has these). Format the memory card in the camera. Switch to manual focus, see if that helsp.

Could also be the picture quality setting, try setting image quality to jpeg medium or small and see if things speed up.

I've owned several D40x cameras and it does 3 frames per second continuous. It is very easy to change, hopefully you have the right display menu. Basically you press the info button on the bottom and that should let you go up and down a display menu and change settings. You need to change from "S" there for single to an icon that has 3 little frames and that's it. Should take you 2 seconds for the whole transaction. See here for the display menu I'm talking about http://www.dpreview.com/.../page8.asp