One might say it's slower then a spreadsheet. I don't know. I can type an one liner awk summation/average, faster then it takes OpenOffice to load. This is to me the most common spreadsheet operation.
For more complex task, I feel that I'm working faster in awk (it's a full blown high level programming language, after all). I'm not sure it it's actually faster or if it's only my opinion though.
I'm happy with this setup.