It could be possible Doc. When I was on the test server, despite some lag spikes it actually felt a lot more like playing my PE in nc1 did. Run-speed was still higher but on the whole it was a 'familiar' feeling, with good longevity. I do have to add I was wearing WoC PA though (so looked like some kind of tron wannabe).
I was rifle specced and testing pvp with people in P2.
(RoG still has issues with shot's not displaying but damage appears to be registering ok, Libra is beyond useless, PainEaser unfortunately doesn't quite do enough damage and TT Epic Laser rifle was actually pretty good. WoC assault rifles 98 and 102[?] were ok)
As far as I can tell however, pistol PE's are currently in a better position, Slasher and Beam of Hell are working well.