It pretty much ties the IPad 3 in graphics, scoring a 57.8 as opposed to the iPad 3's 60 in GLbenchmark 2.1 pro (the standard benchmark for graphics power) beats it in BrowserMark and blows away all competition in Sunspider, scoring the best of any consumer tablet in the world. So no, if anything the Nexus 7 walks all over the iPad 3 in capability.
Yet the nexus still lags like a mofo reading a 200 pg PDF and small text are still rendered worse than my 12 inch 1280x800 laptop with ClearType. And Chrome stutters with scrolling on the Nexus but not on ipad. Sorry the nexus 7 doesn't walk all over iPad. Your benchmarks mean bupkis.
I read a ton of scientific journals in pdf, and i dont need to pan on my ipad 3, while on the nexus I'm zooming and panning as much as on my phone because the small text rendering sucks so much. To make matters worse the nexus lags every time I zoom into the pdf and flip a page. The Nexus is a decent product for the casual browser or paperback book reader, and it's form factor appeals to some, but let's be real indeed.
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