You can see why there's that delay. Sounds like it was a fairly simple exploit. You might get on well with your neighbours, but would you want them borrowing a cup of sugar every damn day!!? Constantly asking for stuff gets old quickly hence the delay but maybe GalCiv3 can get around having the delay by making AI a lot smarter about trading Techs/Planets/Money:
1: Here's what I have.
2: Here's what I need.
3: Here's what I want.
4: What Do I have that I don't want anyone else having for A: Any price or B: Anything less than a great price ie some Tech/Planet/Money that I need/want.
5: Before I agree to sell to Human, can I get better from another AI Race?
I've read this same complaint about colony trading. AI will - apparently, I've never tried it myself to be fair - merrily sell you it's 20 Level Planet for not too much compensation.
From a trading perspective, AI needs to know when to be a complete bastard when making deals. And also should know when it shouldn't even be talking to you. Being at open war should be a subtle hint (this is an obvious bug that will be an easy fix, not sure how easy implementing what I've suggested above will be).