As much as I love Snopes, I don't think the fact that the Longoria incident was staged outweighs the mountain of anecdotal evidence indicating something else is probably going on.
My direct personal experience includes a couple of occasions where the moving object (in one case a puck, in the other a baseball) seemed to slow down to a crawl. Both were heading directly at my face very fast, and both times I got a glove in the way with trivial ease, even before I realized I'd moved.
I'm no stranger to the "catch a falling glass" trick, either, and I've heard many other people say they've had similar experiences. I don't for a minute believe all of them were lying or self-deceived.
If this explanation isn't the right one, I'm quite confident that it's a step in the right direction, and sooner or later we'll have a good explanation of how people somehow manage to react faster than is theoretically possible from time to time.