I do not know the bit width of firewire (16 bits etc), but I do know some other things.
Firewire is similar to a Parallel port, or SCSI, in that it doesn't use nearly as much CPU time as it's competitor, in this case USB.
USB was designed with computer peripherals in mind, and does not (currently) reach high speeds needed for hard drives, CDROMs, or anything that is bandwidth intensive like Camcorders.
even WHEN USB 2.0 does reach the bandwidth of Firewire currently, it still has CPU usage problems, so performance wise, Hard drives, and the like will still perform better on Firewire.
Firewire currently runs at up to 400mbps, USB 1.0 has a maximum transfer rate of 12 mbps (that's megaBITS per second).
USB 2.0 (not available yet) runs at a slightly FASTER rate then Firewire, at I think about 480 mbps, however Firewire will be released in faster variants afterwards.
Firewire is also being adopted in the home audio sector, as one of the main ways to connect peripherals together (CD players, Recievers, DVD players, etc).
firewire also has the ability to connect many many devices together (I think about 64 per port), and I think uses CSMA/CD for multiplexing the devices that want to use the same wire at the same time.
and firewire does not need drivers installed every time you plug a device into your computer, so if you plug a HD in, it will just appear in My computer, without drivers needed.