Originally Posted by
Yellowbeard
It doesn't cost you any cornering ability. You can turn much, much faster without pedaling on any bike than you can whilst pedaling on a bike with a high bottom bracket.
That's not true. Bikes with high BBs tend to corner faster/better, while bikes that have a lower BB tend to be more stable but not turn as well.
It's somewhat of a moot issue though, as all factory bikes in the US have to comply with saftey standards that prevent pedal strike. Unless you get a custom frame, there isn't a huge varation in BB height due to it.