template caching?

I've read several threads (most were posted 2006) relating to the topic of caching components and templates. We'd like to cache some of our Facelets template pages. That said, is there any built-in support for caching of templates (or any components)? Seam has, at first glance, a useful <s:cache> component that we may use, but before we do, is there any need to? Does Facelets provide any comparable functionality or am I going to have to wrap my Facelets page templates with this <s:cache> component?

What would I cache and why? Navigation items, footers, banner objects, etc... It would be nice to avoid the runtime resource hit each time the pages are compiled.

Thanks!
Jason