Just for reference's sake this does vary a fair bit by computer and browser - mine never drops below ~8kIPS and runs mostly at ~15kIPS (and up to ~23kIPS).
Whilst this is nothing like the several orders of magnitude required for more capable interactive behaviour, it does make my load times noticeably faster than those claimed on the page. :)
For reference, that's about as fast as a Motorola 68030 @50MHz [1] which was used in the AppleIIx, and while that was no slouch when it was released, you wouldn't want to run a modern development environment on such a machine either ;)
Some things would do badly at that speed. But serving basic web queries would be fine, and give you a better feel for what is slow when milliseconds spent processing turn into actual seconds.
That's not meant to take away from this project - it truly is amazing what can be interpreted in the browser now.