It was a sorted BTREE index in MySQL 5.x. I agree that its supposed to be fast but it just wasn't for some reason.
One common misstep is having a table with columns like (id, user, date), with an index on (user, id) and on (date, id), then issuing a query like "... WHERE user = 1 and date > ...". There is no optimal index for that query, so the optimizer will have to guess which one is better, or try to intersect them. In this example, it might use only the (user, id) index, and scan the date for all records with that user. A better index for this query would be (user, date, id).
I wouldn't be surprised if you hit some sort of similar strange bug.