I'm a person who wrote an entire networking library in Python and I agree with you. The most obvious issue with Python's single-threaded async code is any slow part of the program delays the entire thing. And yeah -- that's actually insanely frigging difficult to avoid. You write standard networking code and then find out that parts you expected to be async in Python actually ended up being sync / blocking.

DESPITE THAT: even if you're doing everything "right" (TM) -- using a single thread and doing all your networking I/O sequentially is simply slow as hell. A very very good example of this is bottle.py. Lets say you host a static web server with bottle.py. Every single web request for files leads to sequential loading, which makes page load times absolutely laughable. This isn't the case for every python web frame work, but it seems to be a common theme to me. (Cause: single thread, event loop.)

With asyncio, the most consistent behavior I've had with it seems to be to avoid having multiple processes and then running event loops inside them. Even though this approach seems like its necessary (or at least threading) to avoid the massive down sides of the event loop. But yeah, you have to keep everything simple. In my own library I use a single event loop and don't do anything fancy. I've learned the hard way how asyncio punishes trying to improve it. It's a damn cool piece of software, just has some huge limitations for performance.

bottle.py is a WSGI backed framework, right? So it's agnostic about whether you are running with threads, fork, blocking single thread IO, gevent, or what.