This is compared with a iPhone 3G, which already has somewhat pokey UI performance compared to the 3GS. On Tuesday we will likely see an even faster CPU running the same codebase. Apple is moving the goalpost for UI performance seemingly faster than Google can keep up.
It is IMHO one of the main failings of Android - the UI is pokey in places where it will significantly and negatively affect adoption rates and user behavior. Scrolling is a pain on a Nexus One (haven't tried Froyo though, so...)