I've always heard that horsepower=top speed and torque=acceleration.
For me, that torque curve is at least as important as the HP. I am fairy certain that the "pull" you feel during acceleration is the torque. A steep initial torque curve will give you a nice "snap" or "hit", where a more linear curve (ha! there's an oxymoron for ya!) will give a flat, or "electric motor" feel.
Just going on what I know (or think I know) here. I'd like to see some validation of this to see if I am correct.