You should run that as root.
about the slowdowns..
The one thing i found out is that 2.6.5 had quite a better performace than 2.6.4(atleast on my comp)
Not sure about it, but i remembered also reading someting about this in the changelogs of the kernel
anyways.. a newer kernel-version might help.. 2.6 isn't quite done yet
(although i found the latest version to be the best version ever
)