The speed at which you can present text to the reader is not the end-all, be-all of the reading experience. In fact, the logical conclusion, of having zero transition whatsoever, is actually a pretty terrible experience. Why do you think people use smooth scrolling on their OS? Transitions are very valuable in producing a good user experience, whether it's a simple horizontal slide as the Kindle iOS app uses by default, or a page turn animation as iBooks uses by default. And if your argument is purely about the speed of the animation, there is nothing about a page turn that inherently requires it be slower than a horizontal slide.
Speaking personally, the iBooks page curl is one of my favorite features of any iOS app, period.