I personally spend most of my time in a text editor: programming, writing documents (in LaTeX), presentations (in Beamer LaTeX), etc. The time I have spent, for 12 years ago, learning Emacs have paid off at least a thousand time!

And you can do more with Emacs: read/write emails, visit the Web, read RSS feeds, manage your files, etc. As far as I know, vim cannot do that. However, I would write that the main reason to prefer Emacs to vim is that its learning curve is far less steep. Give the layman a terminal with vim running, he will only manage to make beeps! He will not input any text nor be able to cleanly quit the program!

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