That's a really cool technique! Though it looks like his scanner glass is scratched to hell and back (I wish they'd make the glass more scratch resistant.) My exact scanner type, too. I would say it's definitely fast at 300dpi; but it takes well over 90 seconds for 600dpi (full scan, chip scan would be faster of course), never dared try 1200dpi.
Also too bad I can't use use this trick when scanning cardboard boxes and manuals.