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I use the browser every day. For me it's perfect for "casual browsing". I mean, reading pages, watching youtube videos, accessing my 15 or so bookmarked pages.
I agree it's not fast, but for me it's not as slow as some of you say here. I haven't had any freezing issues in the last 4 months or so. And fyi, in the last 3 years the browser has been updated many times. Usually minor tweaks, but most importantly compatibility with hd video or flash pages.
For the people that have their console attached to the big screen in the living room, and their pc in a not so comfortable space, it surely is a very nice OPTION.
Recommendations: clear your cache from time to time, use max 4 or 5 windows, bookmark some of the pages you plan to access regularly and remember there are some specific pages that may cause the browser to freeze. Avoid these and the experience will be right.