Google did declare that they would be considering Page load time in calculating the quality score of a landing page in Adwords more than a year back, however, they have been silent about its impact on the organic front.
Though not a clear statement yet, Google now has given a clear indication to the webmasters about the importance of page load time by including the "Site Performance" tool in their webmaster tool set .
This is a wonderful tool that gives you a detailed graphical representation of your page's load time as well as a relative value of its slowness / fastness ( e.g., slower than 53% of websites etc ) compared to other websites .
In addition the tool also points out some of the pages that are guilty of being slow and a detailed diagnosis of those pages pointing out exactly what is causing the delay and how you can make your website faster.
Now with such a wonderful tool available ( and remember its Free !) there is no reason why you should have a slow website. So get your website registered with Google Webmaster Tools ( if you are not registered yet) and use the site performance tool to reduce your page load time.
Let's all work towards a faster web!
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