Site Speed & Google Rankings

Google has released #-Link-Snipped-# saying that from now onwards, site's loading speed will matter in site's search engine ranking. All things same, the faster loading website will get higher preference in search rankings. Google says that "faster sites don't just improve user experience; recent data shows that improving site speed also #-Link-Snipped-#". At the same time, Google also mentions that site's loading time is not as important as relevance and less than 1% of the total sites they list (which is still a HUGE number) are affected by site speed factor. It would be very interesting to note that how Google measures and differentiates the site which have lot of rich media and images on its pages. For example, if site A has 5 images and site B has  10 images (each of same size), we may safely assume that site B will take longer to load than site A. In such a case, if the sites do not have relevant text; how would Google rank site A & B? Sites with lot of content, CrazyEngineers for example, may take lot of time to load. We also track website performance with Google Analytics which, I believe, adds to page loading times. I believe Google should make it more clear how the site speed factor will contribute to site's rankings. If you have more information about Site speed and Google rankings, please share it through comments. -Kaustubh Katdare | Founder, CrazyEngineers-