Arduino and BlueSMiRF Communication Problem

Hello

I am trying to use the Arduino Duemilanove and the BlueSMiRF bluetooth module. I have the BlueSMiRF connected to the hardware serial port and the CTS-RTS connected. I am able to send commands to the board using Hyperterminal but I can not get Hyperterminal to receive data back from the board.
Does anyone have any suggestions?

Also, what is the maximum baud rate that the Arduino is able to transmit at? I'm currently using the BlueSMiRF default of 115.2k baud.