I test my typing speeds a lot... Using
www.iphonetypingtest.com, i can type 45 WPM with no punctuation and about 35 WPM with punctuation... So the lag is SOOOOOO bad... As nerdtalker said, 20++ seconds before it catches up... It makes no sense since it get all the text, so its definatly spell checking it or something, its running thru something first before displaying...