Print v. Digital Photography

Digital Camera 

Pros: 

• No film - easier to carry
• Instant feedback - LCD screens mean you can see your photos immediately
• No prints - easier, safer storage; no risk of dusty or yellowed photos
• Flexibility - you can take more photos than print cameras because you don't have to worry about running out of film, and can delete them instantly if you don't like them
• Sharing - photos can be easily shared through phones or computers
• Editing - Poor lighting, focus, and colors can all be touched up in Photoshop or similar programs

Cons:

• Complexity - essentially mini computers and can be hard to handle
• Need for computer - don't bother if you just print your photos anyway
• Cost - High quality models can exceed $2000
• Battery life - Like any other electronic or batter operated item, you'll need rechargeable batteries or a lot of regular batteries
• Resolution - some detail can be lost, especially in black and white images

Print Camera

Pros:

• Cost - lower initial cost (i.e. the camera itself)
• More detail - in black and whites especially
• Resolution - most film is high res and forgiving of minor exposure or focus issues

Cons:

• Heavier
• Storage - photos need to be physically stored, which can be expensive or just troublesome
• Editing - little potential to fix mistakes
• Developing - can't see the photos immediately; take time to develop
• Cost - film is a continuing cost, even if camera itself is cheaper than digital

Bibliography:
http://www.digicamguides.com/introduction/pros-and-cons.html
http://photography.about.com/od/filmvsdigital/a/FilmVsDigital.htm
http://photographyknowhow.com/digital-camera-vs-film-pros-and-cons/
http://macmaineiac.com/articles/03a/050903a.html