That is accurate, when all four channels are enabled, the maximum frequency you can discern from the inputs is 1GHz - I don't remember if they have a hardware bandwidth limiter or they just allowed the aliasing, but if I remember right, they maxed the FFT window out at 1GHz with all four channels enabled. I didn't do much analysis of it when I had it, but since it also has a mode where it can be used as a sampling scope, they may just leave the full channel bandwidth on and you just have to remember to be careful.
Still, you can use two channels at 4GS/s, and with the PP06 adapter, or with the upgraded internal routing board between the frontends and the ADCs, you can get the full 8GS/s on a single channel. I've attached an FFT capture of the full 8GS/s mode on one channel on the scope I had, at 500MHz per division, the rolloff starts early but there's some bandwidth yet beyond the specified 1.5GHz.
It's a pretty easy to use general scope, though I think more modern UIs are faster to setup for basic measurement, it's got the usual LeCroy suite of analysis features which layer in a logical way (but require a lot of clicks to setup), and then there's several saved functions that you can switch between, so at least it's easy to jump between a couple visualization modes. One of the weird things for me was that the default display was linear interpolation between points, sin(x)/x is available but only as a math function, so zoomed in far it looks much more jagged and variable than you'd expect even on a sine wave, even though with the interpolation it looks fine. Worth mentioning that at the very highest zoom levels, the internal timebase is a little jittery so the waveform moves around a bit. If you lock to a good external clock the scope's time system is plenty stable to show a stable waveform, but on its own there was some variability in triggering for the display. This is really only an issue when you're in 4+GS/s mode with only a few dozen points on the screen, and again, only if you're not on an external reference clock.
It's physically large, but not too heavy (has the space for the DDA-120/LC584 CRT but instead uses an LCD), and is a little noisy with the default fan, but that's a single 120mm that can be replaced without too much poking around. Boot time is pretty good and I don't remember any particular issues in use, so if you like the older style UI, it can certainly be a general use sort of scope.