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

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