It's 2.7B, not 1.1. In my experience it goes off the rails and starts generating nonsense after a few paragraphs, but I haven't dug too much into tweaking the kv cache params to see if that's controllable. It also needs a fair bit of prompt massaging to get it to do what you want. So no, not GPT3.5, but it's comfortably better than anything else in its size class.