Demo nice
First with regard to the comment made by etip on the 350 wpm limit the setting is adjustable. Either this was changed or etip may need to reread the manual slower. ;)
One of the problems with all the speed reading apps is the screen size of the iPhone. Increasing the width of what you can take in without moving your eyes is on of the keys to speed reading. The small iPhone screen will only let you progress to a certain point. Once the ipad arrives this problem will be gone.
Simdude about
QuickReader Lite