At one of the NHC's a few years ago (Chicago, 2003), there was a presentation on this topic from one of the brothers at Two Brothers. He did his PhD dissertation on this, and presented data supporting the 15 minute mash. He also stated that they did the majority of their beers this way in their brewery. When I got home I tried a comparison, making two batches of an APA on the same day, as similar as I could, with 15 and 60 minute mash times. The conventional 60 minute mash produced a much better beer. As Dave has already stated, there was a big difference in fermentability. The 60 minute mash finished at 1.012, while the 15 minute mash finished at 1.021. Both had an OG of 1.058. Granted this was a one-off home experiment, and I never tried to do it again, but I found the results compelling. It's nice to read others have had the same experience.