If you are a heavy user of MySQL, I think you will appreciate this
list of saved bug searches. For example, check out "p1_bugs_in_5.1"
or "ActiveInnoDBBugs" These saved searches are also available as rss
feeds.
Thanks to Artem Russakovskii for this nice explanation of what Seconds_Behind_Master means
In order to see if a slave is lagging, execute the 'show slave
status' command and look for the Seconds_Behind_Master value. The
way this value is calculated can be slightly ambiguous and unclear,
so I'll explain. It is simply a difference between the 2 timestamps the time of the last received (and queued up in the relay log)
query that already executed on the master and the time of the
currently executing query on the slave.
As he says in the post, this value is not a precise indication of the
replication delay.