Here’s my experience on this subject: It depends on what kind of connected devices you’re running; keep in mind that in the case of most b/g routers, if you have 4 devices using the g bandwidth, and 1 device using the b bandwidth, the network (even if set to b/g dual mode) will have to operate on the frequency of that “b” device; the lower frequency lessens bandwidth, trading off speed for connectivity with slower devices.
If all your devices use the G standard, set it to that; you’ll notice the difference in speed using an all-G network versus a mixed b/g network.
Such is the case in N networks too; I have devices that are still on G, and I have to use the ‘blended’ N/G/B standard, which broadcasts on a lower frequency (my iPhones still use G, while my computers are on N; my kids eMac is on B). So even though the computers receive N, they don’t get the total bandwidth of an “N-only” network that uses the higher frequency exclusively.
That’s my understanding of it-any IT pros feel free to correct me if I’m mistaken.