Works as well as any 7" tablet. Better than many, actually, due to the 1280x800 resolution.
I prefer Firefox, personally - its double-tap-to-focus on text seems to be better than Chrome and the stock Browser (can't find the gesture for it in Dolphin, which is annoying, and haven't tried Opera, so no comment there), which makes browsing a LOT better, in both portait and landscape modes.
Just wish it, and the other browsers (and keyboard apps, I guess) would give you a prefixes (http, ftp, about. ://, and so on) key in addition to the standard affixes (.com and so on) key so that entering addresses is less painful (otherwise you're stuck going to Google first for almost every address you enter, which is probably why things're done that way in Android