Thats where we have a definite advantage in Australia.
There is no speed limit for LSA and we only have to have a propeller (for
powered LSA). It does not have to be fixed pitch.
We fought hard for that and in the end are happy we managed to get that out
of the regulator.

As Marc rightly points out, LSA is a definite advantage for manufacturer's
to circumvent the multi million dollar type certification process. It does
not do much for gliders in my opinion if you have to prove that you have a
VNE of 120kts.
The nice bit about it is the 600kg which could make an 18m or strandard ship
go quite nicely. Who is going to check your speed in the air?

I don't envy the US system and am happy that our information re regulatory
material is readily accesible.
Admittedly, there is not much of an uptake in Aus for LSA, other than Jabiru
and a few imports, as our normal regs (for ultralights) are superior to the
LSA offering, even if the weight limit has not reached 600kg as yet. It will
this year though.
No one has taken up the LSA offering under gliding here as yet.

Chris