The danger of having an insecure password is not that someone will bombard the server with login requests. That can easily be detected and stopped by even the most cursory of server security. The danger is that they crack the server and get the list of password hashes, at which point the time to crack a password is dictated by the hardware at their disposal and the hashing algorithm. Your server capacity or timeout protocols are irrelevant.
So, the 100 attempts/sec number is essentially a fiction. It applies only to a manufactured threat. The real threat is much worse, which means that a password like "this is fun" is not reasonably secure.