This is good news for for those who use Cydia, an alternative to Apple's AppStore for jailbreaked iPhones and iPod Touches. Saurik has uploaded a new version of APT that has an optimized cache generator and greatly improves Cydia performance:

"I also uploaded a new version of APT I've been working on: it has an optimized cache generator and more error tolerant repository parsing."

When launching Cydia the next time you will find updates for some APT packages (up to 3 depending on what you have installed). Perform the install and enjoy the speed improvements!