This include a new subdivision surface node to geometry nodes project.
The code is normally as fast as the subdivision surface modifier.
The new code is based on the work of @Jacques Lucke (JacquesLucke), @Hans Goudey (HooglyBoogly) and the subdivision surface modifier source code.
The subsurf node is available in the mesh category from "Add" menu in the Geometry Node Editor.
Example:


