I found a site that had a very large listing of song lyrics here:
http://www.musiclinks.nl/songteksten/
Granted, it's all HTML-ified, but if you look for what's within the H5 tag (there's only one, kinda nice), and remove all of the P and BR tags, it'll give you the lyrics.
Oh yea, no timestamps, but if anyone is looking to add lyrics to their MP3's, it seems to be a pretty complete lyric archive.
Ok, so it's not the greatest archive for me.. only 7 Pink Floyd songs tagged.. geesh.. I've got all the albums, no way I want to tag them myself..