5 Pros for Print Photography

1. Lower Initial Cost
2. Better at capturing detail in whites and blacks (dynamic range)
3. More forgiving of minor focusing details
4. More forgiving of exposure problems
5. Film is still higher resolution

5 Cons for Print Photography 

1. These cameras are generally heavier
2. Film can take up a lot of space
3. Film is a continuing cost
4. Film must be developed before viewing
5. Unless there is a darkroom, you are dependent on the lab to develop images

5 Pros for Digital Photography 

1. Cameras are generally lighter
2. One memory card can store more images than a dozen rolls of film
3. Images can be viewed immediately
4. You can edit your images
5. You can choose which images you want to print

5 Cons for Digital Photography

1. Higher initial cost
2. Can easily lose detail in whites and blacks
3. Memory cards are small
4. Less forgiving of exposure problems
5. Requires battery to function

http://photography.about.com/od/filmvsdigital/a/FilmVsDigital.htm