No its depressingly slow. I'm not kidding. I barely get faster than edge speeds. I'm hoping its because they're overloaded from all the new devices but its not good.
I should say: This is Seattle. Definitely 3g, definitely faster than edge but just slower than my other 3g phones. 500kbps or so.
HOWEVER, in Hawaii (Oahu) where I am now, its very very fast, 1.3mbps was the result of my last test. Its a Seattle problem, not an iphone problem.