The problem with find is that you can't specify the maximum tolerated command line lengths, and find hasn't historically been very smart about it (it just had a compiled-in value). Apparently this is fixed in GNU find, but for older systems and other platforms that may still be an issue.

Another feature missing in find that xargs has is the maximum processes to start at a time. find will run the commands in sequence, but in many situations you really want to run a bunch in parallel.

good points that i wasn't aware of, thank you. though personally i rarely start huge operations that need to be parallelized so i prefer simplicity over speed.