Google announced (in a blog post) a new service, dubbed "Page Speed Service" that ".. fetches content from your servers, rewrites your pages by applying web performance best practices, and serves them to end users via Google's servers across the globe .. In our testing we have seen speed improvements of 25% to 60% on several sites. But we know you care most about the numbers for your site .. At this time, Page Speed Service is being offered to a limited set of webmasters free of charge. Pricing will be competitive and details will be made available later".
Rewriting (page optimization) includes: Combine CSS, Combine JavaScript, Optimize Images, Resize Images, Move CSS to Head and Proxy Images.
When I tested my small, Google hosted, web site (http://www.ronen-cs.com/) the results were not that impressive..
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