First of all it is the fact that I LOVE Black and white. As a kid I was fascinated by such photos as Ansel Adams, Edward Weston, etc etc..... So much can be done in black and white to show everything from beauty to sheer emotion. Second is the fact that I can develop the film at home and you have control over the processing and other creative components of it. (Yes you can process trannie and neg at home.... but..... $$$$$) Then regardless if you have a digital or wet/dry darkroom you still have the beauty of creating a great black and white, or sepia toned work.
There is so much creativity in black and white. It is easier to do, handle and is less expensive then color.
I just prefer black and white for film. I will shoot Fuji Provia or Velvia for people/clients if they need it. I prefer the medium cameras for that though. (Don't want to have to talk about other manufacturers as this is a Nikon site LOL) Yes I agree color film is nice, has it's advantages. But due to the fact that there is now no labs in my near vicinity for doing C41 and to get E4 done, that is a major day trip.
When I get the urge to shoot film, I can get a roll of B&W out of the fridge the night before, then go shoot the next day, go home and process the film, scan, edit.... Then I have the images on my computer for processing. To do Color is a lot more work, yes I know I can send my film off, wait for it to come back etc... etc... It is just more expensive and I only do it if I have to. Or if there is a special event.
To sum up, for the love of film, in all formats in all types, I think Black and White is just wonderful. If I want color, I will use my DSLR.
Just my opinion.