90% of the time, I use latex paint because it's easier to clean up and dries much faster. But every once in a while, I haul out some oil paint and remember why oil is still superior for some tasks. Last weekend, I primed my wife's chaise lounge with oil-based primer (mostly because I have a 5-gallon container of it and only about a quart of latex primer left) and rediscovered the joys of oil paint:
There are some latex paints that come close, but by and large oil paints seem better for tasks like painting woodwork. I'd still choose latex for most of the jobs around here, but I have to remember that oil-based paint has its uses.