It turns out that the problem is an incompatibility with the packages

network-manager + network-manage-gnome

Whenever these are installed, usbserial becomes intransparent 
(i.e., physical and logical devices are present, but there is no thoughput 
through the serial interface).

After removal of these packages and after system restart the serial
interface works as it should.

Maybe this should be considered a bug of one of these packages.

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https://bugs.launchpad.net/bugs/700316

Title:
  usbserial stopped working during a recent upgrade, no serial line via
  usb anymore

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