Dutch website gamed.nl compared the loading times of games on the New Xbox Experience dashboard. They tested Fable II, FIFA 09, Mass Effect and GTA IV before and after a HDD install. The results are conclusive.
It's faster by 10 seconds Wooo. minus the 7 minute install /sarcasm.... :)
The purpose of reducing loading times isn't really to save time, but to lessen the immersion breach caused by long loading times.
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