Is a pointer indirection (to fetch a value) more costly than a conditional?
I've observed that most decent compilers can precompute a pointer indirection to varying degrees--possibly removing most branching instructions--but what I'm interested in is whether the cost of an indirection is greater than the cost of a branch point in the generated code.
I would expect that if the data referenced by the pointer is not in a cache at runtime that a cache flush might occur, but I don't have any data to back that.
Does anyone have solid data (or a justifiable opinion) on the matter?
EDIT: Several posters noted that there is no "general case" on the cost of branching: it varies wildly from chip to chip.
If you happen to know of a notable case where branching would be cheaper (with or without branch prediction) than an in-cache indirection, please mention it.