I disagree, there are at least 2 reasons why eps can be better.
a) you can exactly match the fonts in an eps figure to a latex file, which will look much better.
b) you can use \psfrag to change text to get proper mathematics in figures, like gamma2 in an eps becomes $\gamma^2$
c) maybe also, the pstricks package is very nice, but does not work with pdflatex
if pdflatex could do both, I would switch today
but
