Running Windows inside a VM will not feel as fast as it would if you were running it via bootcamp or on a regular PC. How much slower it feels depends on what apps you are running, how much memory you have, how split it up, etc. If you have a slower macbook with only 1 - 2GB ram, your computer will practically come to a standstill if you fire up windows (both the OSX side and the Windows side will almost come to a stop). If you have a Mac Pro with 8GB ram, it might be fast enough where you wouldn't notice that you're in a VM.
I run Windows inside VMWare Fusion on a regular basis on my 2.0GHz Macbook with 3GB of ram (max it supports). Now this is purely subjective, but it always feels very slow, even if all I'm doing is using Windows Explorer. My co-worker has a Macbook Pro with 4GB of ram and it's not much better. If all I'm using it for is Internet Explorer, it's not that bad. If I'm using an MS Office app, it feels painfully slow. Anything more complicated than that (game, some big engineering app, etc), then I would either use bootcamp or a real windows pc.