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anallawalla - 12:47 am on Nov 17, 2009 (gmt 0)
We turned on gzip compression at our site a few months ago, which is something most sites can achieve easily.
Matt Cutts said about three times during Pubcon that the page load time will become important sometime in 2010. He didn't mention whether this would be averaged across a site or whether it would be evaluated per page. My guess is the former. I don't read his blog every day so I don't know if he has elaborated there.