Looks like the temp is set to 400+'C, that's the element temperature,looking at the size of the bit, very small thermal mass. Your probably assuming it's cold water, maybe just below boiling, will never know, heat loss may just be from the very tip, it's hard to see how far into the water ( if it is water ) the tip is being inserted.
Try this for how much a tip can drop when placed on a wet cleaning sponge
thanks mr.smiley
The other day a bought a 60w soldering iron, I would dip the tip on a wet sponge and i could then place the tip on my finger!! Yet the temperature would say 450 degrees C
this is why my heat sinks on a ground plane were near impossible to solder ( unless i heat the board in the oven for 10 mins but then its hot to handle.)
someone on eevblog pointed this iron out a 'quick 203h'
http://www.mrtechservices.co.uk/product.php/31/29/quick_203h_90w_digital_soldering_stationit claims to have its sensor near the tip , no one else seems to claim this!
surly this is one of the most important aspects of an iron? more than wattage?
so my thoughts now are to either buy a
150watt xytronic - usa soldering station
or
90watt quick 203h with the sensor near the tip?
people say weller are the best ? i wonder where a weller sensor is?
lots for me to google . lol.