Yes it is.
It is a good value, I agree, and I especially think it's great for high def video with the screen.
But with the latest google play update, I tried out the app "pocket" and it is terrible on the device. Terribly.
iOS and vanilla ICS are better. I don't know how they managed to make the OS slower, but they did.
Do you mean the app "Pocket" in the Play store that saves webpages,etc, for later ? I tried it out just now with a few webpages and Youtube videos and it wasn't slow at all for me. Its exactly the same on the HD+ and the new Nexus 7.
Was there a specific page or item you put in there that made it slow ? Or could it be a bad wifi connection ?