I can't reproduce this problem on any platform. PI 1.6.9's GUI is really fast on Windows Vista x64 and Windows XP x86, as well as on Mac OS X, Linux and FreeBSD. In fact, the new alpha blending effects for workspace windows work smoothly and real-time fast on Windows. I don't have a Windows 7 machine at hand now, but the GUI was equally very fast in all our tests before the final release.
The Windows machines where I've tested PI now are an old Core 2 Duo (Vista, 1920x1200 resolution nVidia Quadro FX 550) and a vintage Pentium IV HT (XP, 1280x1024 Matrox Milennium), so on your i7-920 + GTX-260 it should be like an F-14 Tomcat flying over your head.
Could this be an issue on Windows 7 and/or some particular graphics drivers? Or an issue with other applications? I know this sounds somewhat foolish, but I've seen some antivirus applications doing really strange things lately ...