> insanely high tokens-per-second especially when served from hosted providers, though, given how tiny it is (37B!)

It's a dense model so it will use all of its parameters per token. 37B active parameters isn't tiny at all, it's almost what Deepseek R1 had, and it's 2/3 of what Kimi k3 uses, so it's not going to be “insanely high” tps: it's going to be three times slower than Deepseek Flash (Prefil speed is going to be quite high though, but not token generation).

Its 27B not 37B and having just 27B in total and 3T and like 30B active of those is still totally different. A 120B with 5B active is still much slower than a proper 5B. Just like the new Ling 3.0 Tiny with 8B and 1B active only gets around 120tk/s compared to 250tk/s which a real 1B one gets on my hardware.