I was curious if anyone has used the ioBridge with the serial board in a bit bang capacity? What i mean is: I would like to use one channel to control or monitor 8 outputs/inputs. I assume if I use the serial board that I can build a relatively simple circuit to accomplish this. Perhaps it is easier to explain like this:
ioBridge channel 1 -> serial board - CIRCUIT - > 8 I/O data pins
The CIRCUIT here would convert the serial output to 8 data pins that are high or low. Ideally they would be input or output; but just output would work in my case.
I know the easy solution is to buy 2 ioBridges and just use all 8 channels, but the above method would only use one channel and would leave me 3 other channels to play with

Seems like this could be done with an FTDI chip. Any thoughts?