USB 2.0: fact and fantasy

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From PC World:
“PC users love their machines’ dependable Universal Serial Bus ports, but speedy peripherals such as external hard drives can turn USB’s
1.5-megabytes-per-second (12-megabits-per-second) transfer rate into a performance bottleneck. Enter USB 2.0, or Hi-Speed USB, which promises the
versatility of its predecessor, compatibility with today’s USB products, and a transfer rate of up to 60 MBps (480 mbps) with USB 2.0
peripherals–that’s 40 times faster than USB 1.1.”