Yeah, things like glxgears and steam seem to run well enough but I notice the same issue -- especially with the transparent overlay of the 'start' menu
Worth noting is that after the handoff to ubuntu (switch_root), sometimes I'll see the kernel load and do its thing but I get a black screen instead of the ubuntu login. Not sure if video isn't working and it IS doing things, or if it's all frozen up. I'll try ssh if I can get it to do it again after work tomorrow. Rebooting and trying again usually seems to fix it.
Also worth mentioning is that the 'alternative method' of using the browser, without the proxy: Sony support site, switch language, google+ link, etc. If you're having issues getting the actual kernel to load using this method, just install the proxy instead. Using the alternate method I had something like a 1/10 successrate of running it (getting out of memory errors before you get there) but now with the proxy it's mostly flawless. Browser is definitely a buggy POS

Thankfully!