@hfawad I managed to shoot 5000 photos in high resolution in 10 Hours 38 minutes and 30 seconds for an average of 7.662 seconds per picture. I was using a python script running on an iPhone which was controlling and monitoring the Theta S over WIFI. The script was shooting every time it saw Status "state" clear "inProgress" and was also transferring the photos over WIFI to the iPhone and deleting them from the Theta S as they completed transfer.
I just ran a couple of tests with low resolutions and the python script. 10 pictures took 54 sec, 55 sec, and 58 seconds. When I started checking for "inProgress" really didn't seem to matter so picture processing and communications must not share any computing resources.