1sir shared a link with you from iReddit (http://reddit.com/iphone):
“Spritz. A technology that enables reading 500 wpm with no training at all.”
there’s also a discussion going on here:
I wish I had this during school, to quickly read the sections of my textbook for the night before the test! Which is never a wise action. Always give your self ample time for studies, rather than the stress of night before cramming!