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For me the biggest difference is ideological. Do I want to be tightly controlled by one company for my content, or do I want the freedom to turn anywhere?
The good thing with tightly controlled environments, is that there are zero hassles. Everything just works. The bad thing is that your options are limited as to where you get your books from.
Remember that a Kindle book is only readable on a Kindle reader. What happens in a few years if you want to read the same book again, on a newer and better reader? Creating monopolies in the market has historically never ended well, and ultimately I think the Kindle model is doomed, which will leave you pretty stranded when it does (if you have a Kindle).
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