>> 3. If I switch to *scratch* and turn on flyspell, I can out-type Emacs very
>>   easily, the lag is that bad.
> 
> That is a real problem.  I am looking in to this, but my time is very limited.

You'll make several people very happy.  Would it help if there were an incentive set up at http://www.freedomsponsors.com/ for example?

-Ivan