I've tried to combine what I know about binding and object creation into a table so that I can keep it straight in my somewhat thick head. I've also indicated on which line I believe the object is acutally created.
Is this correct?:

'Early Binding #1 (slowest performance of early binding)
Dim MyClass As New Class1
MyClass.Size = 0 'Object Created Here

'Early Binding #2
Dim MyClass1 As Class1
Set MyClass1 = New Class1 'Object Created Here
MyClass1.Size = 1

'Early Binding #3
Dim MyClass2 As Class1
Set MyClass2 = CreateObject("Project1.Class1") 'Object Made
MyClass2.Size = 2

'Late Binding (slowest performance overall)
Dim MyClass3 As Object
Set MyClass3 = New Class1 'Object Created Here
MyClass3.Size = 3

Thanks in advance for any oPiNes. =)