Page speed as a ranking factor?

“Google counts page speed as a ranking factor”
Is it so…?

Also I read some where “Age of web page” is another ranking factor as per Google’s Algorithm.

Please let me know some of the important ranking factors to be taken into consideration.

Have a look at http://googlewebmastercentral.blogspot.com/2010/04/using-site-speed-in-web-search-ranking.html & http://www.seomoz.org/article/search-ranking-factors#ranking-factors