Do you have a brake on the front? Could be rubbing. I know that is intuitive, but you can't tell with some people.

Is this the cartridge bearing version or the loose ball bearings? Cartridge bearings always seem to have a good amount of drag, especially when new. They will break in after some time. Only with a finely crafted loose ball hub can you spin the wheel and have it keep spinning for ages - Think Campy Record, circa late 70's.

Good luck.