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Default Intersect Operator vs Explicit Cell References and the Dependency

Currently I am trying to improve performance on one of my excel apps. In
this app I use the intersect operator and ranges, rather than using explicit
cell references.

Intersect: (DataRange Column1) * (DataRange Column2)
Explicit: (A1) * (B1)

If I look at dependencies of one of the cells in a range that I use in the
intesects, it shows a dependency of all the formulas that reference that
range. Is this a real dependecy? Am I incurring quite a bit of overhead
when using intersects? Where do babies come from?

Any thoughts would be appreciated!

Regards
 
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