You do have a point there, but like you said its not 100% nor does it run smoothly as would be expected. Like I said, I've got a pretty good tax return so I will be getting both the Xoom and the iPad 2. So ya can be sure I will offer my honest opinion on both.
It doesn't run smoothly because they hacked the emulator source onto the nook. Its about as messy a hack as you can make, but the guy doing it is a genius from what I read and has done amazing work. There is no reason it should be working as well as it is at this point, but the developer has taken to basically writing his own drivers. Once Honeycomb is actually officially launched and the source code is released, then we will see it all over the place being ported using much less messy techniques.