Google Says Faster is Better - SEO Element?

Just stumbled across this video this morning, even though it's been on the Google YouTube channel since June. Probably heard little about it because SEO's pay less attention to speed than developers, but I've always been a fan of accessiblity issues, which SEO's pay too little attention to as well. Speed and accessibility are related because complex web apps like Flash, javascript and other client side apps can get in the way of speed, crawlability and indexing. I believe SEO's should pay more attention to speed.