If I try to turn the front wheel of my bike too far left or right it does not let me. Further, this is accomplished by a rubber bumper that continues to push for a short time after I let up, but it would be absurd to call this "lag." Normal operation of the bicycle never gets close to those limits.
The question is whether this video is showing typical system lag -- in which case, yeah, I agree, it's a problem -- or whether it is showing limiting behavior in which case getting upset about it makes as much sense as getting upset over the rubber bumpers on my bike.