No layers?
Of course it does - though you may find it called history - after making a series of adjustments you can remove each adjustment as required by deleting history
I'm baffled with poor performance, lr3 performance is supposedly much better than lr2, and I have run lr2 quite happily on a very entry level laptop with no real problems
I am aware of a link or two on lr2 performance tweaks though on nikon cafe if you'd like a link
You may have realised by now I am a lr fanboy, but, I still use it with cS4 as a complete tool
Intuitive is only a byproduct of familiarity with most software
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