Speeds are near regular hdd speed with an external hdd (200 Mbps), although I am not sure about flash drives.
For the CD and Activation you must find that yourself as I will not go to Pirate Activities.
And I'm not sure what whs is trying to say, it works absolutely fine, it keeps settings (I know because I am using Chrome and it retains the skin, also the background and visual settings remain after reboot!)