Well I finally raced this dude.  We went probably 1/2 mile, starting from a stoplight.  He had me off the line by maybe 1/2 car length but it was all down hill from there for him.  By the end of the race he was way behind, more than 7 car lengths I would say.  I never told him that my intake and exhaust were not stock so I think he was pretty suprised.  He paid up the 100 bucks too, so now I am happy.  
I reccomend the CAI to anyone who doesn't have it.  I know for me it seemed like a huge difference in the mid rpms.  It seems like the throttle response improved a ton with the CAI. It was the best 300 bucks I have ever spend on the car. 
Bob