Firstly, hand-writing notes without falling behind the content forces me to choose the most relevant information presented and reword that information into a concise-enough form that I can quickly write it down. This helps me actually process the content instead of just hearing it. Mentally, it feels like the information soaks into my brain, rather than bouncing off of it.
Secondly - and this is comically simple, but just as important as the first - it keeps my hands off of my keyboard/mouse, so I don't get distracted by other interesting things on the Internet (like HN) and tune out.