IMO, it was not sluggish at all. It's much less sluggish than HW rendering at the same framerate. Maybe it's just me, but the only thing making it feel sluggish, I think, was the very low mouse sensitivity, but apart from that it was very responsive.
Edit: Just tested it again, and yes, I still think it's the low mouse sensitivity that makes it feel sluggish; it is very responsive to keyboard controls.