XBees communicate over the air at 250kBaud, so that is a hard limit. Also, you have to add in overhead for the packet headers.
Also note that the serial host interface at 115200 b/s is dicey, due to a baud rate mismatch. According to the XBee manual, and explained on the John Fos FAQ, the XBee "115200" baud rate clock is actually 16MHz/9/16 = 111111 b/s, a 3.5% mismatch. So either use 2 stop bits or 111111 b/s for the Prop<->Xbee link. It should be possible to achieve throughput at that rate.
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John Abshier
Also note that the serial host interface at 115200 b/s is dicey, due to a baud rate mismatch. According to the XBee manual, and explained on the John Fos FAQ, the XBee "115200" baud rate clock is actually 16MHz/9/16 = 111111 b/s, a 3.5% mismatch. So either use 2 stop bits or 111111 b/s for the Prop<->Xbee link. It should be possible to achieve throughput at that rate.