There is Task.Delay in .NET 4.5
How can I do the same in .NET 4.0?
There is Task.Delay in .NET 4.5
How can I do the same in .NET 4.0?
Use the Microsoft.Bcl.Async package from NuGet, it has TaskEx.Delay.
You can use a Timer to create a Delay method in 4.0:
public static Task Delay(double milliseconds)
{
    var tcs = new TaskCompletionSource<bool>();
    System.Timers.Timer timer = new System.Timers.Timer();
    timer.Elapsed+=(obj, args) =>
    {
        tcs.TrySetResult(true);
    };
    timer.Interval = milliseconds;
    timer.AutoReset = false;
    timer.Start();
    return tcs.Task;
}
using System;
using System.Threading;
using System.Threading.Tasks;
class Program
{
    static void Main()
    {
        Delay(2000).ContinueWith(_ => Console.WriteLine("Done"));
        Console.Read();
    }
    static Task Delay(int milliseconds)
    {
        var tcs = new TaskCompletionSource<object>();
        new Timer(_ => tcs.SetResult(null)).Change(milliseconds, -1);
        return tcs.Task;
    }
}
From the section How to implement Task.Delay in 4.0
Below is the code and sample harness for a cancellable Task.Delay implementation. You are likely interested in the Delay method.:
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using System.Threading.Tasks;
namespace DelayImplementation
{
    class Program
    {
        static void Main(string[] args)
        {
            System.Threading.CancellationTokenSource tcs = new System.Threading.CancellationTokenSource();
            int id = 1;
            Console.WriteLine(string.Format("Starting new delay task {0}. This one will be cancelled.", id));
            Task delayTask = Delay(8000, tcs.Token);
            HandleTask(delayTask, id);
            System.Threading.Thread.Sleep(2000);
            tcs.Cancel();
            id = 2;
            System.Threading.CancellationTokenSource tcs2 = new System.Threading.CancellationTokenSource();
            Console.WriteLine(string.Format("Starting delay task {0}. This one will NOT be cancelled.", id));
            var delayTask2 = Delay(4000, tcs2.Token);
            HandleTask(delayTask2, id);
            System.Console.ReadLine();
        }
        private static void HandleTask(Task delayTask, int id)
        {
            delayTask.ContinueWith(p => Console.WriteLine(string.Format("Task {0} was cancelled.", id)), TaskContinuationOptions.OnlyOnCanceled);
            delayTask.ContinueWith(p => Console.WriteLine(string.Format("Task {0} was completed.", id)), TaskContinuationOptions.OnlyOnRanToCompletion);
        }
        static Task Delay(int delayTime, System.Threading.CancellationToken token)
        {
            TaskCompletionSource<object> tcs = new TaskCompletionSource<object>();
            if (delayTime < 0) throw new ArgumentOutOfRangeException("Delay time cannot be under 0");
            System.Threading.Timer timer = null;
            timer = new System.Threading.Timer(p =>
            {
                timer.Dispose(); //stop the timer
                tcs.TrySetResult(null); //timer expired, attempt to move task to the completed state.
            }, null, delayTime, System.Threading.Timeout.Infinite);
            token.Register(() =>
                {
                    timer.Dispose(); //stop the timer
                    tcs.TrySetCanceled(); //attempt to mode task to canceled state
                });
            return tcs.Task;
        }
    }
}
You can download the Visual Studio Async CTP and use TaskEx.Delay
In many cases, a sheer AutoResetEvent is better than a Thread.Sleep()...
AutoResetEvent pause = new AutoResetEvent(false);
Task timeout = Task.Factory.StartNew(()=>{
pause.WaitOne(1000, true);
});
hope that it helps
    public static void DelayExecute(double delay, Action actionToExecute)
    {
        if (actionToExecute != null)
        {
            var timer = new DispatcherTimer
            {
                Interval = TimeSpan.FromMilliseconds(delay)
            };
            timer.Tick += (delegate
            {
                timer.Stop();
                actionToExecute();
            });
            timer.Start();
        }
    }
Here's a succinct, timer-based implementation with proper cleanup:
var wait = new TaskCompletionSource<bool>();
using (new Timer(_ => wait.SetResult(false), null, delay, Timeout.Infinite))
    await wait.Task;
To use this code on .NET 4.0, you need the Microsoft.Bcl.Async NuGet package.