Beyond that, any lag from Win95 era was probably because of spinning hard drives. Running it on a SSD would be instantaneous. Also, file search might even work, instead of whatever we have now.
Acrobat reader still performs like a lead balloon though, even a miracle can't fix that one.
Contrast this with the "os" of my LG oled monitor. It seriously takes 5 seconds to open the settings menu.
I'm not sure what they use these days, but 10-15 years ago the MCU in a monitor was likely to be a ~10MHz 8051.