Good points about inspection time making it more interesting, I think a lot of people agree with you, and I find it very interesting personally. The RedBull thing was shown to me by a speedcuber who just wanted to point out that there are no inspection events out there, even though they aren't aimed solely at the speed cubing community.

Here's my issue. The statement "the world record for solving a rubiks cube is 3.47 seconds" is false. It took him longer than 3.47 seconds, we just don't count the extra time because of the rules of the game (which is a great game by the way).