Yes, and it's not that it's just slow, it also freezes Emacs completely when it borks (and it does bork). I also found that none of the emacs terminals could correctly display my prompt and I ended up writing a bunch of bash conditionals to make my prompt dumber to work in Emacs. Just worked out of the box with Vim's :term.

Are you using tramp on a LAN or halfway round the world with 200ms latency and poor bandwidth?

A common thing people run into with Emacs is using the "shell" under the impression that it's a terminal emulator. You want "term" for a proper terminal emulator that can handle fancy terminal stuff. The "term" terminal emulator can even run TUI stuff like nano, and even vim itself!

Tramp is fast for me as well, it did take some work though. I had to configure it to use my controlmaster options from my ~/.ssh/config, set tramp-verbose to 0, set remote-file-name-inhibit-locks to t, and finally set vc-handled-backends to just Git. I'm glad I spent the effort to make it fast though, because now it's pretty magical.