It does? There is a fast drop followed by a long decay, exponential in fact. The cooling rate is proportional to the temperature difference, so the drop is sharpest at the very beginning when the object is hottest.
Apparently the act of pouring has a huge effect on temperature because of the surface area :: volume ratio of the fluid as it streams (and turbulence after striking the bottom). The site above claims a single pour can drop it 20-30 degrees. There may be a similar effect here.
Ha. My university professor used this in a lab to catch people who slack off.
There is another factor here: convection. Its speed depends on the viscosity of the fluid and the temperature difference both. And viscosity itself depends on the temperature, so you get this very sharp dropoff.
probably dominated by the cup as the ambient temperature initially and then as air/the counter top as the ambient temperature on the longer time scale, once the cup and the liquid near equilibrium