After all, it wouldn't surely exist in Config.data with a value of 0.0 if Apple didn't intend for that to be overridden by users?
I am puzzled also. BDAqua raised one possibility. I guess it could also be an "unimplemented feature."
With respect to Terminal commands, I found an interesting article - [Change iPhoto album slideshow defaults.|http://www.macosxhints.com/article.php?story=20070502225823745&query= slideshows] Because iPhoto does allow you to set the slide duration, a setting is for this value is stored in com.apple.iPhoto.plist (in home/Library/Preferences). Such settings can indeed be changed in Terminal. According to the article, to change iPhoto's duration to 4 seconds, the terminal command would be
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defaults write com.apple.iPhoto SlideDuration -int 4
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The problem, though, is that there is no equivalent parameter in Finder's plist.
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I also found [this article|http://www.macworld.com/article/49110/2006/01/sspanelset.html] about how to edit the slideshow system file, in this case adjusting the behavior of the control panel. Changing the slide duration should be quite similar. But we both agreed you should not "mess" with system files....