Just tried on a 2018 Mac mini, and it appeared about 250ms after I hit Command-N.
But to be fair I think the object selection tool is pretty cool and somewhat new & 'innovative.' though still lags behind. AE has had roto for a while and some basic ML you can find online has better feature detection. Still cool to see them heading in this direction having good edges would save a ton of time.
6.0, 7.0, and CS1 were awesome on Mac, but somewhere around CS2 it started falling apart and it's been in a downward spiral ever since.
These days I'm using a mix of Affinity Photo, Affinity Designer, and Sketch, but if Adobe dusted off the source on 7.0 or CS1, updated it to work with modern macOS, and offered it as a single time purchase I'd buy it immediately.
They're so old they're PPC-only. And 7.0 even has an OS 9 version. I definitely did use these versions in the mid/late 00s, and they were indeed snappy, but I was on Windows back then. Macs were prohibitively expensive over here.
And it's buggy on macOS too. It's the only program on my computer that does some wacky shit with window management, such that sometimes other apps' windows appear on top of it. It very much feels like it tries its best to go against AppKit for no good reason, and then reimplement some of its behavior but shittily. Oh and also, the "new document" dialog takes literally 5 seconds to load.
Edit: I'm using an older version, 2017 I think? Updating it is quite a process as a non-paying user, and none of the new features are worth it for me.