I'm not talking about transmission speed and I agree that baudrate has little meaning in this context. However, I have had a lot of experience downloading firmware files which might be as big as 64KB and there is a very noticeable difference between sending them via Serial->USB->Serial vs. sending them Serial->Serial with the latter being much faster as a result of the translation that must occur (on both ends). CDC should only need to translate on the PC end but I suspect there will be a significant speed hit never-the-less on certain applications.
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