No lesser characterization can apply. Pulse is not just a means of shipping 3D animation over the Internet. It is sprawling and ambitious vision. In this regard, it is no different than any of its top competitors in the Web 3D arena. Like MetaStream or Shout or Cult3D, it is still taking shape, and still very much in its formative stages.
Every new release is a major advancement.
These realities mean that, after six weeks, I am just able to shape some general observations about Pulse technology. These are only initial impressions. You can't approach Pulse as an experienced 3D artist simply trying to pick up a new tool. Pulse is premised on many ideas that were entirely novel to me, and which have taken time to sink in, even in a shallow way. Any serious assessment of Pulse will take serious commitment.