This post is technical as it's posted by an engineer that worked on Google's Android team, but it answered many questions and should forever end questions like, "how is my dual core, 1.5ghz phone lagging when simply opening my web browser?"
https://plus.google.com/100838276097451809262/posts/VDkV9XaJRGS
https://plus.google.com/100838276097451809262/posts/VDkV9XaJRGS