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Receptional_Andy - 9:48 pm on Nov 17, 2009 (gmt 0)
I think Ted's spot on to say that speed is highly important. All that faster internet means is less patience ;) There's, of course, an element of Google scaring people into speeding up there websites for the "greater good". The outcome is hard to criticise, although the method is not necessarily to my tastes.
When it comes down to it, loading speed has zero effect on relevancy - none whatsoever. The stated intent is to measure user experience, and somehow incorporate that into an algorithm that's supposed to be centred on relevancy.