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I like both for various reasons. Audiobooks are awesome for commutes or long road trips, I even used to listen to 'em while moving the lawn. Their only downfall would be when you could only get an abridged version and missed about half the story. On the flip-side, some UA versions would go on a little longer than necessary and I'd tune it out.
eBooks, on the other hand, are nice in that I can carry a collection with me wherever I like and they don't clutter up my home when the book shelves get too full. I also like the way I can read one-handed and not worry about falling asleep and losing my page. I guess the few downfalls right now are poor resolution for reading techie-docs and the high cost for digital versions. While people have beat this last issue like a dead horse, I still don't think they should cost nearly as much as PB versions since there are no print, shipping, physical sales movement costs, etc.
Both are great in that the meet my needs when needed.
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