It's certainly much faster. I'm using it on my netbook which used to run the desktop version equally as fast.
Why can't big development teams think about accessibility as it applies to older hardware? It's clear that it's getting to be a big problem for Twitter let alone other companies (see previous discussions about Bloat)
The only thing I can think of is that the developers use the shiny new hardware and it runs okay for them. Or if the devs want to change, the management and board runs the fast hardware and it's "working for them".