Nah, the forum is better. You can always keep up, see what other have posted before you came to the forum, while on the chat you cant know what was said before you came there. And responses here are so fast it's practically like a chat.
I've always wondered why no-one uses the chat, but yeah, I suppose the forum is better, and about the 60 seconds thing, true, it's annoying, but don't you guys agree that spammers are even more annoying? (For the most part at least)