[TYPO3] TYPO3 performance; Is it too slow for high-traffic sites?

[Guillermo Prandi]

Hi. I wish to hear your thoughts about how well does TYPO3 perform on 
high-traffic sites. For instance, I wish to implement a complex site 
including multilanguage weblogs and other dynamic data, and I expect 
thousands of hits per hour (mostly reads). What is your experience on 
this kind of load? The database will be a well-tuned Oracle 9.2 server.

Guille