I'll provide some quick steps on how I made mine snappy.

  1. [Install Preware with WebOS Quick Install][1]
  2. In Preware on the Touchpad,
    a. install [UberKernel][2] (Kernel > Stable)
    b. install [Govnah][3] (Application > System Utilities) and choose
       the OnDemandTcl 1512 profile. This overclocks the device to
       1.5 GHz (up from 1.2 GHz) and underclocks it to 192 MHz when
       idle (down from 500 Mhz).
    c. install the following patches
      i. Faster Card Animation HYPER Version (Patch > Mojo)
      ii. Increase Touch Sensitivity And Smoothness 10 (Patch > Misc)
      iii. Muffle System Logging (Patch > System; primarily what
           you're looking for if you don't want to use the custom kernel)
      iv. Remove Dropped Packet Logging (Patch > Misc)
      v. Unthrottle Download Manager (Patch > Misc)

[1]: http://www.webos-internals.org/wiki/Application:Preware#Inst...

[2]: http://www.webos-internals.org/wiki/Application:UberKernel

[3]: http://www.webos-internals.org/wiki/Govnah

thanks for this , i just tried these and its a significant difference. What about OTA updates ? have you tried with these patches.

It works totally fine with 3.0.2 (the only OTA update as far as I know), but I can't give a comparison, sorry. I updated the same day I got the device so I'm not sure how 3.0 was.

Has the overclocking and faster animations had a measurable affect on your battery life?

I've only had the device for a couple of days now but haven't noticed any adverse effects. What prompted me to try it in the first place was [this ZDNet article][1], in which the author adds, "...my Skype video call to Jason Perlow was an hour long with video, and battery was down to 91 percent when ended."

[1]: http://www.zdnet.com/blog/mobile-news/overclocking-the-hp-to...

Here's a good thread with patches to apply:

http://forums.precentral.net/hp-touchpad/287848-my-hp-touchp...