This research examined the question of whether perceptions of media as inferior to face to face are socially or technologically determined. It takes advantage of a recently developed asynchronous videoconferencing system to compare the perceptions and outcomes of group projects done in a multi-cue asynchronous media to those of face to face groups. Participants engaged in collaboration over 5 weeks to develop group oral reports. Measures of social presence, conversational involvement, perceived effectiveness, and ratings of group project quality were compared between communication conditions. Results showed significant differences favoring face-to-face communication for several perceptual variables, but not for perceived or actual effectiveness. Results are discussed with respect to their pertinence for several theories, and for their illumination of some historical theoretical and measurement biases in computer-mediated communication research.