This is from Google
"The second half of the snippet provides the logic that loads the tracking code in parallel with other scripts on the page. It executes an anonymous function that dynamically creates a element and sets the source with the proper protocol. As a result, most browsers will load the tracking code in parallel with other scripts on the page, thus reducing the web page load time. Note here the forward-looking use of the new HTML5 "async" attribute in this part of the snippet. While it creates the same effect as adding a element to the DOM, it officially tells browsers that this script can be loaded asynchronously. Firefox 3.6 is the first browser to officially offer support for this new feature. If you're curious, here are more details on the official HTML5 async specification. "