They have more surface contact area, and can carry higher current levels safely.
They also do not short out when being inserted/removed.
What is this "short out" you speak of? Would it explain why the 1/4 inch jacks on my cab suddenly no longer work? I have been guilty of plugging /unplugging 1/4 inch cables with the amp on. The man at the store said that was OK

Fortunately, the Speakon still works fine. It's an Avatar, if that matters.
Whatever the reason, I now def. prefer Speakons.
--Bomb