It's still very slow - retrieval times >30s for files that aren't cached on cloudflare or ipfs.io. Also, those two providers each have multiple periods of downtime every year.
If the files are cached and the services are up, it's plenty fast for static data but dynamic data (IPNS) is still very slow.
We've built a competitor called Skynet that is much faster (less than 200ms for files that aren't in the cache) and scales better. It's currently hosting tens of millions of files across 200+ TB of data.
We really like the vision that IPFS had and we think decentralized data is the future of the Internet. We're proud to have put in the legwork to make it practical.