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The iPod app on the iPhone (and presumably the iPod Touch) supports playback at 2x the recorded speed. This is great for listening to talk-radio podcasts when I'm driving, as I can get about twice the information in the same amount of time.
Does iTunes itself support this kind of playback? I can't seem to find the option. I'd rather play in iTunes rather than on my iPhone when I'm at my desk.
Can't comment on the earlier answer alas, maybe someone can move this reply in there?
Rather than renaming or converting files and the like, just do a "multiple item information" change on all such files and modify Media Kind to Audiobook, after doing this the iPod Touch / iPhone / iPad all provide the speed selector (make sure you modify settings so you're actually syncing the newly placed files! that got me the first time).
An app for this just came out (found it just 2 seconds ago), I've only used it once, so can't vouch for it's perfection, but it appears to work! (doesn't seem to le – Alexander Kellett – 2011-02-13T10:58:02.763
Do you have the name of this app? – kevininspace – 2011-03-29T16:00:40.187