Yeah, me too. I've never noticed even the tiniest delay in the Win7 menu. The only times i've seen it acting slow were when i was searching for something in the text box and it didn't come up immediately, and that's the results within the menu coming up slow not the menu itself or the buttons in it.
It does work, but if you start opening many windows in various workspaces things start to get really slow. With just one window on-screen it's usually fine in lower class hardware like that. Maybe it has something to do with the amount of shared memory.
Then, you must make clear statements; if you say "it runs horribly slow", I'll take the "horribly" like "I can not maximize a window without brutal lag!"; that IS horribly slow. Obviously, if I will test a DE I will not use, I'll just test it works OK and it is stable and fast for non intensive tasks, as that is what the actual user (my friend, I don't mean it general) will do with Linux. Also, he uses medium to high gamma hardware, so the only concern I had was about stability :P
My video card has 512mb dedicated gddr3 which should be more than enough for a composting window manager. KDE is very unresponsive. The animations lag, menus are slow to load (especially the main menu). Its just all around sluggish on a machine that should be able to run it fine.
I can confirm that it is indeed slower than Compiz. You could also try using compiz on KDE. I was a bit reluctant to try that, but it works really well.