According to this video, the new Google search algorithm factors in loading time. What this means for us noobs is that, the faster your website loads, the better it will rank on Google's search results.
Not that I care about page ranks, I took the speed test to find out how fast my website will load. Here's what I got--
This is one reason why I gave up a self-hosted wordpress site and used blogger instead--SPEED.
To find out how fast your website will load, visit http://tools.pingdom.com/