David M. Beazley <[EMAIL PROTECTED]> added the comment:

Just as one other followup, if you change the code in the last example 
to use binary mode like this:

for line in open("BIG","rb"):
    pass

You get the following results:

Python 2.6:  0.64s
Python 3.0:  42.26s   (66 times slower)

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Python tracker <[EMAIL PROTECTED]>
<http://bugs.python.org/issue4561>
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