Thirdpersoncontroller V. CharacterController class

I'd like to see peoples understanding of the differences between the two. It looks to me like the CC class is a more updated component to deal with character control.

I'd really like to know

• Fundamental differences, I know one is a script and the other is a component.

• Which is more relevant, is a component better than a script for character control?

• Which is best suited for any or specific situations?

• Pros/Cons of each.

■So who is up to the challenge??? This ones for points!■