Sequential read/write speed isn't bad, but it's the random write speed that's really a problem. We're talking about write speeds of a couple hundred KB/s. Remember what I said earlier about how multitasking can take an otherwise sequential IO stream and make it look fairly random? I suspect the low random write performance is one reason we're seeing significant slowdowns with background IO. Not all NAND controllers do well with concurrent reads and writes, which could be another contributing factor to poor performance.
Note that for light usage this isn't a problem. Similar to the first generation of affordable MLC SSDs for PCs, as long as you're doing a lot of reading you'll be ok. It's really for the heavier usage models that this is a problem. On a tablet however, simple background installation or downloading of files counts as heavy these days.
The real solution to this problem is to integrate better NAND flash controllers on-board, or even onto the SoC itself. Tablet makers are still mostly focused on cost cutting, but eventually we'll see real SSDs with good controllers in these things. Windows 8 tablets, at least the high end ones due out later this year will be among the first to incorporate real SSDs. (Source