Mine also spins "freely" - a few (<10) revs. I did notice that there is definitly more drag using this sealed cartridge bearing design than I am used to with bottom brackets. So much so that when I first stripped my bike after it was originally installed I assumed that the original builder had not adjusted it correctly....wrong. You know what the say about assuming....it makes an...well you get it.
Adjusted correctly these things just have a lot of internal drag...due no doubt to the viscosity and volume of the lubricant of choice. Oh well. The eingineer in me says "Drop the whole 'feel' thing and pick up a torque wrench, spec, and ride" While the lost art, locksmith side of me says "it just doesn't feel right"