mikemyers,
Here is how I increased my speed from the draw to first shot with my GP100. My focus is upon self-defense, so I will present that method here. Keep in mind that you should find a coach proficient in revolver shooting to help you. He or she will be able to spot small flaws in your technique that have large consequences on the target.
1) As usual, acquire your grip and draw the gun to your preferred horizontal location with your finger on the trigger and the support hand in the appropriate spot for a solid two handed grip. Stance can be anything and doesn't affect what your hands are doing. Balance in pressure on the gun is important. I do tighten my "Alternate Killing Hand's"* index finger for less sight movement.
2) Accelerate the firearm forward and begin to pull the trigger.
3) Once you are approximately 3/4 of the way out, start slowing down the movement of your arms.
4) Time the break of the trigger as your arms stop. Slowing to a stop prevents the muzzle from bouncing around as the bullet leaves the barrel.
This is a very high level view since it does not break down the trigger actions I am taking as the gun moves to full extension.
Trigger Pull
First, there is nothing wrong with staging the trigger as a means to improve your speed. The problem is that if you allow it to become habit by failing to shorten the interval of the pause. Continuously shorten the pause. At some point, the pause should be very short and difficult for an observer to notice. Once you have mastered the trigger to this extent, you can stop pausing altogether. This is a version of "The Bump Drill". I highly recommend that you perform "The Bump Drill" to learn where your trigger breaks. It will accelerate your elimination of the "pause":
http://www.youtube.com/watch?v=OcfnstRzGQc
Sighting and Reset
The next step is exceptionally important: see your sights a second time! This will prevent vertical stringing and reset your brain for the next shot. Focus upon controlled pairs since double taps are more difficult with revolvers. It takes you to the next most important concept: smooth trigger reset. This is essential for burst fire (double taps, Hearts-n-Minds and Zippers).
This is where I had the most trouble because my first shot would be great, but subsequent shots would be all over the place. The trigger reset is AS IMPORTANT as the pull. Your finger must maintain contact with the trigger face. The odds of slapping the trigger for the next shot dramatically increase if your finger breaks contact with the trigger. You will know when you do this because the shot will be at 7-9 o'clock (3-5 o'clock for left handers) or otherwise some sort of flyer if you are extremely inconsistent on the reset. Therefore, do not outrun the trigger! If you did a "home trigger job", or have a competition trigger job, keep in mind that the reset spring may be weak. The velocity of the trigger upon return will be less. The speed of the reset should be equivalent to that of the pull (without staging). This will put you into a rhythm of pull, bang, front sight/reset.
You can practice reset while doing "The Wall Drill" so you can definitively determine what your sights are doing leading up to that second shot:
http://www.youtube.com/watch?v=r7YdjrvB718
Odds-n-Ends
Also keep in mind that practice with a revolver in 22 Long Rifle will have very limited utility. Managing recoil is part of this skill and I have found that its importance is exaggerated in revolvers. I trained for at least nine months with an S&W K18 until I could get very tiny six round groups shooting as fast as I could go.
I fired nearly no centerfire revolver ammunition during that period, but I dry fired constantly. I went to centerfire and it was if I had not practiced.
Always practice reloading your revolver during these sessions. Do it properly every time. Start slowly and increase speed as you move through the session. Push until you start dropping Snap Caps on the floor, then back off a bit.
Summary
1) Learn where your trigger breaks. You'll have to learn both double and single action.
2) Learn how your trigger behaves on the reset. You should know how the front sight is going to bounce around as that trigger moves forward.
3) Use "The Wall Drill" to verify your reset's smoothness and "The Bump Drill" to learn your trigger.
4) See the front sight after the first shot. Focus upon consistency between shots at speed, but don't get into double tap territory.
5) Fire centerfire cartridges frequently using these techniques because recoil management changes the entire game.
6) Don't forget to practice reloads! It's essential and "reload" your AZOOM Snap Caps every six to eight shots while dry firing.
7) Have fun, but have a plan when you go to the range!
* Also known as "support hand".