Advantages:
I believe they are lighter than stock. Light == good, as long as it's strong enough.
Roller tip. Less wear on the valve tip, if done right.
Higher "ratio" than stock, I think 1.5:1? Gives you more valve lift for the cam lift than stock.
.
Disadvantages:
See Jake's post above.
They seem to be good for race engines when someone who knows what they're doing is building the motor? (That would leave me waaaaay out!
)
--DD