> I think "saving..." is misleading and it's not really easy to understand why it would take 2 sec. 

Makes sense.

I did iterate on the UX once more. It now says nothing when the text has been modified. When we save, we display a message to that effect. After a brief delay, the status goes back to blank again. The important thing here was to let the user know that we _are_ saving their changes - that they are making permanent changes to their files. I imagine we'll keep iterating on the exact UX however.