I do have Fedora 8. It runs very fast. Compilers are available and nice packages such as LAMPP. It does runs very or extremely fast on my dual core intel chip, when comparing to Windows. Open Office is ok. The e-mail software, antivirus and firewall are fine too.
The thing with Fedora is that, you have to set up things such as wireless, second monitor etc, through a configuration file, that make things messy if not set properly, or no compatibility.
The way that the file system is set up, provides a faster and more secure environment, but still have its weaknesses, like anything that exists. Beryl is a nice and great desktop effects package, like the rotating screen cubes etc. That is kind of the way Apple manage its software icons. Firefox works fine, and there are plug in players. LightScribe has a Linux version available, and for burning cd's or Dvd's, the OS is great with K3B.
The real truth is, that once Fedora has been set, up, and with the very frequent updates, Fedora works trouble free, as in my case.