I conclude that you must be a PC user because if you were a Mac user you would be reporting very poor performance from LW 3.0 even as a leaf. I had hoped that the "quantum leap" from 2.x to 3.0 would represent a significant improvement in performance. Ah, well, I suppose we should take vicarious satisfaction in seeing that the world's majority on PCs are even working well as ultrapeers.
PS Don't take any bets on your sincere doubts as to how LW determines which hosts should be ultrapeers.