Speed of Windows XP on external USB harddrive using VirtualBox on Mac

Speed of Windows XP on external USB harddrive using VirtualBox on Mac I am considering installing Windows XP on an external hard drive in a VM with VirtualBox, but I am worried about it's speed? Would the slow transfer rate of USB slow down the performance of VirtualBox and Windows XP? Should I be worried about anything?
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Guest [Entry]

I run an XP Pro VirtualBox VM with Visual Studio 2008 for development use off an XP Pro host, the VM being on an external USB 2.0 HDD. It's perfectly fine and I can't see it being any different off a Mac host. Especially if it has lots of RAM.