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> FileIO.readall() already has an overallocation mechanism which should 
> yield linear complexity. Perhaps it needs to be tweaked a bit?
> (look at new_buffersize in Modules/_io/fileio.c)
I think it needs a bit more than a tweak;-) Looks like it increases by 12.5% at time. Does not seem to work as intended though.
> By the way, your results are bit weird. Why does the data rate increase 
> with the transfered amount?
The rates are completely unreliable for those benchmarks which take less than 0.1 seconds. They level off after 0.1 secs when the overheads become insignificant.