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Yes, the old apps are still there - it's actually not a firmware update, just an additional launcher that gets added. This launcher gives you the ability to use the PD apps, or add third-party apps, and I find the performance to be good. It also remaps the volume buttons because the other launcher needs a back and menu tactile button.
Also, I read that this device is locked down to 66 Mhz - there's an app called "SetCPU" where you can increase that, with the assumption that battery life will suffer. I believe that it helps a bit with video playback, but still testing. Definitely helps with overall performance.
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