Consider the following two MEWs:
\documentclass{article}
\usepackage[colorlinks=false,pdfborder={0 0 0}]{hyperref}
\begin{document}
Click \href{http://www.latex-project.org/}{here} to go to the webpage.
\end{document}
and
\documentclass{article}
\usepackage[hidelinks]{hyperref}
\begin{document}
Click \href{http://www.latex-project.org/}{here} to go to the webpage.
\end{document}
Question
Are the two MEWs equivalent, i.e., are the any difference between [colorlinks=false,pdfborder={0 0 0}] and [hidelinks] as options to hyperref? If there are differences, what are they?

hidelinksis relatively new. I guess, in reaction to user requests. – Speravir Mar 17 at 0:03