3g results vary so much on signal strength, location, saturation of that tower, saturation of the back-end... lots of things. But no, those are crappy 3g speeds.
With full signal strength, I usually get 3Mbit down and 2Mbit up on 3g using the newer modems on the custom ROMs. I did not test when on stock, but I know the stock modem hits the 850 Mhz bands, so it should be the same. Totally area dependent of course.