Yes, early binding tends to run faster, and it enables Intellisense, both marks in its favor.
Late binding can be better, though, when you may have to support multiple versions of an app (for example, if I am automating Excel from Access, and my users may not all be on the same version of Office as I am), and in expert forums such as this, it eliminates the step of having to explain to Askers how to add a reference to the project
Honestly though, I hardly think the relative pros and cons of late vs early binding are worth arguing strenuously about...
