Re: I wonder what the latency of this is?
Colin Tree found one example Tx <---> Rx pair 65ns...
It works the other way too. Assuming that the example device that you found isn't physically capable of storing bits beyond just being in one state (On/Off), then the latency is a hint about the maximum speed of the device.
65 ns of latency hints that it's very slow device, operating in the single-digit MHz range. Even 10 MHz is likely to be a horrific phase-shifted sinewave. There are alternate explanations, but they're perhaps less likely and just as low performance.
If a device with 65 ns latency was used (for example) to transmit a 1 Gbps signal, then it needs to hold at least 65 of those bits within itself physically, which may clearly and obviously be impossible.
This is all a very useful technique to detect tech-nonsense instantly.
Happy Boxing Day.