The URL below gives a description of the various effects of netlag. It was written 5 years ago about Warbirds (i.e. the HTC crew's previous work). IMO AH handles netlag noticeably better than WB did at the time but the descriptions of the effects are still accurate although they seem to be somewhat reduced in scale in AH.
http://www.rdrop.com/users/hoofj/netlag.htmHooligan
