I am in a very similar place with my child. It fits her style though. Has to know exactly how to do it before she will really give it a go. Has to intellectualize it before she can do it.
I know as an educator and was told by the DR who tested her that there is no strong data that links giftedness and early reading.
All kids do things when they are ready, and not before.
That's what makes me angry about some of the achievement tests that they are giving to determine who should be admitted to the gifted programs. If she's not reading in K does she not get in!!?!