Spreed News [spreednews] is a new online user interface for desktops and mobile phones (think iPhone) for optimizing screen-based reading. Their algorithm parses text based on semantic and syntactic content to maximize contextual inference, and then renders the text in a way that virtually eliminates speed deterring eye movements. One can try out the interface for reading news, sports, gossip or blogs from various outlets.
For paper-based text, the average reading speed is about 210-250 words per minute (wpm). Eye movement research has established that reading a single page of text involves approximately 400-500 eye movements called 'saccades'. It has also been established that there is no information perceived during the eye movement, only in the brief fixation on a word or group of words. Saccades therefore slow down reading speed. Other studies have shown that this speed degrades by approximately 28% when reading directly from a PC screen. The Spreed application claims to allow the reading of text from screens comfortably, and with no loss of comprehension, at 350 wpm.