Having used it for a bit now, performance is quite bad, probably worth a buy only if it's at least ~20% cheaper than the SN550 given how much slower it is, especially when writing direct to NAND, which will happen a lot given how small the SLC cache is.
Direct to QLC write speeds on my 1TB version are only about 65MB/s, exponentially slower than what I experience with a WD SN550 1TB.
At 50% filled it only managed to cope with <20GB of writes before it drops down to ~65MB/s. Can't really see much of a use case for the P2, even as a game drive it will bog down with a bigger game update and is unable to keep up with a 1Gbps internet connection.
Did another test too, copying 100GB takes about as long (20 minutes, give or take a few seconds) as a WD Blue 2TB 5400rpm SMR HDD, which in a way is pretty impressive, impressively bad.
Only upside so far is that I got it for cheap on an Amazon sale (1TB was on sale for £71).