Earlier quoted context omitted.
No it's not. It's pressure sensitive and about as fast or faster than a trackpad with movement. I've never had a problem with speed, even across multiple, large, monitors.
Is this not what you mean: https://www.youtube.com/watch?v=7H8o_-7bKIU ? I really doubt it's as fast/accurate as a trackpad even if you master it. This tool looks to be as fast as a mouse if you master it in many situations. But you would need a direct comparison by skilled users for each to be sure. I just don't see how a mini stick will ever beat pressing two buttons.
On my thinkpad, I use the trackpoint and trackpad equally.