These are USB I2C/UART/GPIO bridges which can achieve 115200 baud.
Since they are available as a dual in-line package they are very easy to utilise.
A simple utility named Dougal has been written to query the MCP2221 and also demonstrate how to bit-bang the GPIOs.
hg clone http://hg.kewl.org/pub/Dougal cd Dougal/src make sudo ./mcp2221 -b