I have 1.5gb of ram, There is not a single other program with bogs down like that one. I know that it does run incredibly slower when using my shuffle compared to when I had a "real" ipod hooked up to it but its even slow when I dont have the ipod plugged in. I even went through all the preferences and unchecked everything thats not needed.. Which was basically everything.
To search winamp you simply hit the del key on the numberpad. It brings up a box, Type in what you want and it shows anything in that box that matches what you typed. Hit one and it jumps to that track. Awesome!
Itunes is pretty bad with their updates but, Winamp is probably worse. It seems like once a week it wants to update a new version
Also when I add things to my library in winamp I can just hit clear playlist, Then load folder and it loads all the songs in about 10 seconds. Itunes takes forever to do it that way!