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Green2K - 5:02 pm on Jan 21, 2005 (gmt 0)
The cached page changed in a day or two but it took longer (I looked away so can't say exactly) for the site to move position (to #1). Green2K
There is definitely a lag between on-page changes and position in SERPS. I experienced this recently on a site I acquired by substantially tweaking the page and the title tags.