It's hard to take you seriously when you measure the performance of a computer by performing a very specific single tasks. The thing what dividies a smartphone and a proper computer is an ability to actually multi-task without dropping the context and not waiting ages for the programs to reload.

And yes nowadays your terminal is capable of rendering HTML5 pages and encoding MPEG.

EDIT: to give you an improper analogy:

You are pointing at a sport bike and say "this is very good vehicle because it is very fast".

Is it fast? Sure. Does it allows to move 1 kilogram of cargo very fast? Surely. Does it allows to move 1 tonne of cargo very fast? Hell no. You need a 1 thousand trips to move 1 kilogram each time or you need a cargo truck - totally different vehicle.

This laptop is nowhere near the "moving cargo" territory despite being hyped as such.