you can't be serious, it's the beginnings of something good, but it has all kinds of problems, it fails to load email often (reporting "something has gone wrong.."), it routinely doesn't clear the red read indicator, it's laggy and sluggish. I am sure Google will make it kickass in the fullness of time, but for now, that's not what gmail/iOS is.
Unread indicator is always wrong, especially when you use multiple devices. Seems very I characteristic of google. It's been that way since they released the app.