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Nicely done! I really enjoy this concept, and the presentation is simple and elegant.  I think I might need an Easy Mode though; the timer is a bit too fast for me, even at the beginning.  Or how about, in addition to Time Attack (let's call it), there could be a Strategy mode in which new rows are added based on the number of words you've spelled rather than time taken.  That would be a very different style, encouraging players to take their time and spell more complex words.