tedster - 6:20 pm on Apr 9, 2010 (gmt 0)
Speed is part of the algo now.
I'm reading a lot of people on the web who are saying this - even some "big" names. Given the low dependability of the speed data I've seen so far in Webmaster Tools, and the fact that Site Performance is still under the "Labs" category and not under "Diagnostics" - I highly doubt that the algo is currently using any site speed data.
As far as I know, all Google has said to date is that they are "considering" making it part of the algorithm. Have you seen an updated announcement, or any testing data that shows site speed has moved beyond the "considering" stage?