kegging
Pros: faster in all respects, easier to pull a pint, easier to clean/sanitize, you can still dispense into bottles with the proper equipment
Cons: gets finished faster, more expensive
bottling
Pros: easy to give bottles to friends, ready for competitions that require bottles, only way to go for certain bottle-conditioned beers (all my strong ales are bottle-conditioned), practically free if you reuse commercial bottles
Cons: PITA, takes forever and you have to be careful with your sugar and conditioning
Pros: faster in all respects, easier to pull a pint, easier to clean/sanitize, you can still dispense into bottles with the proper equipment
Cons: gets finished faster, more expensive
bottling
Pros: easy to give bottles to friends, ready for competitions that require bottles, only way to go for certain bottle-conditioned beers (all my strong ales are bottle-conditioned), practically free if you reuse commercial bottles
Cons: PITA, takes forever and you have to be careful with your sugar and conditioning