Wow.
I think I found out what was causing the horrific slowdown in my phone.
I also didn't mention in my original post that I have been having a STANDBY battery life of approximately 10 hours. If I was going to have a nearly non-functional phone, I sure as hell wasn't going to have one that wouldn't even hold a charge for a day.
The slider in "Power Mode" under the "Wireless Lan" setting was set all the way to "Best Performance." So, on a whim I slid it all the way to "Best Battery," and boom-instant performance increase. I can now run Opera and Coreplayer at the same time with no noticeable slowdown.
Watch out for this if anyone is experiencing a similar issue.
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