Interesting behavior, can I ask - have you restarted the mongos at all when testing this?
Also, are you running with authentication enabled? I have seen this type of degradation in performance when running into this issue:
This is fixed in the 2.1 branch, and will eventually be back ported to the 2.0 branch but not in time for 2.0.5, so at the moment on 2.0 you have to restart the mongos to resolve.
Adam