Pros- You can never lose it, I hear it also might run faster
Cons- Takes up more Data
Pros- Takes up less data
Cons- You can lose it, It can get scratched and be rendered unreadable
I personally prefer downloading, and I plan on downloading Assassin's Creed Brotherhood, and Assassin's Creed Revelations. If Assassin's Creed 3 was released for PS Store. I would rather do that. I'm also not getting Madden 13, so basically it is just which pre-order bonus you like more.