Web based speed reading application that can train you to read faster. There is nothing to install or download, simply copy & paste text into the reader and choose your reading speed. ZapReader also states that some of the people who tried ZapReader reported a 300% increase in reading speed, without any loss in comprehension.

Features
Demo video
Also similar website is Spreeder. More or less it offers the same thing. Although on Spreeder you are also able to choose font color and size, background color and text alignment. Plus it gives you real-time stats showing where you stand against other Spreeder users.
Go to ZapReader @ www.zapreader.com
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Great Post!
I am a huge fan of speed reading and cognitive science behind the field of study. My company has been working for the past year on building a number of algorithms that take into account our research in the field of eye science. Instead of displaying single words at a time (which can be tiresome and does not get rid of the issue of sub vocalization), we create logical groupings of words which make it easy for the brain to digest the text. If you or anyone else is interested take a look at http://spreednews.com
We are currently promoting the application for the iPhone right now, but it is also available through the desktop at that link!
Keep up the great writing
Dave
Thanks for the write-up! I’m the developer of Zap Reader. The video was done at the launch, but very shortly after the launch we added many more customization settings such as font and background colors, font size, and alignement.
This is a page where you can test your speeding not in wpm, but in char/sec. Then you can check, how long will it take you to learn novels/books. You can suggest books or novels, and the admin will put it on the list, if there is a digital version of the book. I think it is very usefull. I used the hungarian version and I read the books for the same time what the program said.
http://www.meresek.extra.hu/eng/index.php?martalom=olvasas