Fllg wrote on 10/26/09 at 18:35:16:
Objectively 6...h6? is probably indeed worse than 6...Nd4 because after 7.Nxf7! Kxf7 8.dxc6 Bc5 7.Be2! White is likely to remain on top. Black may get one pawn back but for the other he does not have enough compensation.
I looked at this intensively in my youth (some 20 years ago

) but couldn´t find anything for Black. I remember I analysed 7...Bxf2+ which was the move Naiditsch choose against Vallejo Pons in their 2007 encounter. White won after some adventures with his king but the result was never in doubt.
So if you want to stick with 5...b5 you should better take a look at 8...Ne6. It seems to me Black has compensation here.
That's right. I've looked at it fairly recently, and I couldn't find enough after 7.Be2!. Black has an enterprising try in 7...h5!?, but it's not enough. I want to say that there has been a NIC Yearbook on this whole question; I think that's right.
If you search around here you'll find analysis mostly by MNB that shows that Black is O.K. in transposition to the Fritz after 8...Ne6. You wind up in an ending where Black has a mostly nominal disadvantage, but should draw pretty easily.
Against strong opposition I think 5...Na5 is a much more enterprising move, less likely to peter out in dull equality. But at the lower levels, especially scholastics, 5...b5 is a great winning try because it takes more sophistication than most players have to point out its disadvantages. You can play this for years at the scholastic level and never even encounter 6.Bf1, and even then, it is not so easy for White to hold out against Black's attack, however unsound it may be, either with 6...h6 or with 6...Nd4 and Berliner's line. I would think the same thing would be true at the lower rungs of the local club.
I taught 5...b5 to my chess kids without even bothering to mention 6.Bf1 to any but the strongest, and it produced countless wins for them. About 90% of the time they encountered 6.Bxb5, the rest 6.dxc6.