Just wow. Seeing the demo, I just hope Microsoft can do somthing like that with current Explorer app. It's good now but still can improve more with something like File Pilot
Explorer is slow because it's extensible. All the thumbnails and extra stuff in the context menu is what slows it down. There's some pathological cases like "opening a folder with an MP3 file in" which puts it into scanning all the files for ID3 tags.
Fpilot is a great example of how it's possible to make something MUCH faster by limiting the feature set.
(also some of the NTFS APIs are horribly slow for extended information)
I don't know if Windows Explorer has regressed since Vista, but back then I remember it doing everything I wanted and more, down to viewing and editing MP3 and JPG metadata in some panel, filtering, grouping, smart searches, etc.
What else do you need from it?
I don't know the state now because I've since switched to macOS, which has Finder, an absolute toy in comparison (other than QuickLook and Column View)