Text speech isn't another language, what it is is a code. Pig Latin is another example of something people might call a language, but is really a code. You don't translate it, you decode it. The purpose of Pig Latin is just to have some fun with it, or some minor obscuration of the text. The point of text speech is brevity of sending. The time savings is on the sending end. It does take more time to comprehend than normal use of language, but since these are short, throw-away communications, it doesn't matter much.
If it took less time to understand text speech than normal speech, then imagine if this whole forum were in text speech. Communication would be slowed. I have no big problem with text messaged like "r u coming 2nite?" for throw-away communications. It is when text speech starts bleeding over into other communications that I have a problem with it. I doubt very much that books will be written in text speech. Oh, I am sure that someone has written one, but it would never make up a significant percentage of books.
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