I think it's generally cleaner, more elegant and the combining of commands on a line is easier. I love that you can create macros such as:
MNCPM^Z0TT6Z-3DICP/M^Z
This will go through a file bigger than memory, display each line containing 'CPM', pause and then replace it with 'CP/M'.However, there are things I like in ED/EX such as the regular expressions.