A friend of mine had performance problems on win 7 with the desktop window manager using all of one of her cpus - but I don't know the spec of her pc. It was probably underspecced for win 7.
Thats strange! I installed Windows7 on an old AMD3200 with Radeon9600 and it runs very fast and stable! The spec requirements for Windows7 are lower as they has been for Vista! Due fact of your friend performance prolems, it would be interested to know if he is using one of the new ATI Radeon 5000 series graphic cards, because for 3D they are in benchmarks very fast - faster as my Radeon 4870 which is a burner for the price/prerformance!
But back to the Radeon 5000 series... i have read that this serie my be extremly / unenjoyable slow for 2D like window management on desktop! (even some very old graphic cards can do this acc 2D drawings faster! *shocked* Thats the reason i dont have updated to my card to a 5000 serie card like the 5870 with 1GB!
However i just wonder, that your friend has such CPU and generall performance problems! Things i could think about the problem:
a) Installed RAM < 512 or 1024 MB?
b) Wrong or non installed graphic / chipset drivers?
c) Graphiccards memory is < 128 ?
d) Any other background task eating all the CPU ussage?
However, just try out Windows 7 and i am sure you dont will miss it anymore

Btw, the only thing i missed a littlte bit on the first start of Windows7, is the good old QuickStartBar... But you can add this just with a few mouseclicks and you still have the good old quickstartbar, which makes life easier ^^