So only bookmarks will be synced between devices and an "on-line backup" will be created for Speed dials? I fail to see the logic in the design... Well this is rather unfortunate, thank you for the information

It's not consistent, but it may be logical. A user might want a different configuration of Speed Dials on a phone than on a desktop, for instance. It's possible to import Speed Dials from one device to another, though Other speed dials; but it adds more steps.