" Faster Websites means more Business "
If the Web stats. and most prominent examples are quoted like Facebook, GMail, Yahoo the above formula of Google indeed is true.
A matter of fact, your site speed also helps in Search rankings.
Read more on it Here.
Web Users have now matured and are looking for content moreover of their interest and trying to get their intent completed ASAP. Hence the approach –
“ A good and compelling design with faster loading ”
Perhaps, after the advent of XHTML 1.0 and CSS 2.0, things have indeed changed in approach and practice. You can read my post on it Here.