azrael-
What am I missing? What don't I get?
I presume the x86 emulation built into Windows will be able to diverty Windows calls into the ARM native windows calls and pick up some speed there, vs a simple emulation of x86 Windows where the entire stack will have to run in emulation. So perhaps the Windows x86 layer actually isn't that bad, it is just that this is the first time we have seen it on a decently fast platform.
As for Office, I thought they were something like a .net assembly and have been for years, so they aren't native on amd64 either.