Opera on iPhone – Is it really faster?

Opera today announced that its mobile browser, Opera Mini, is available for the iPhone platform after spending quite a long while in App Store approval limbo. It is supposedly very fast, since it connects via a proxy server that compresses web pages first before downloading them on the browser. While I am not that a big fan of the desktop Opera browser, I am pretty enthusiastic about the iPhone version of the browser as it offers a non-Webkit based browser for iPhone.
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