Last night, IN a 54 player online tourney, I got in 103 hands in about 1:15. I was the last one standing. That puts it in the 3.5/1 range online/live. Assumping 2 minutes per live hand. Not an assumption I share BTW.
On TV they maybe show 10 hands per hour, TV hours are really about 40 minutes (commercials et all). That makes it closer to 4 minutes per hand, which is about where I would guess. Poker after Dark has tables full of players familiar to not only us, but to each other. Seldom does a hand stretch the clock, and they MIGHT get close to that 30 hands per hour.
FP, when you and friends play are you all seriousness with no distractions, and are you all familiar with all your styles? Seems to me that would shave a good bit of time off per hand.
I would guess somewhere this issue has been given a pretty good workout. If we can't find that info, perhaps we could start a thread and compile our stats there.