Heck, I'll try my hand at this one too! I do recommend reading the FAQ section here on the forums. joe Talmadge answered your question in much greater detail than I shall attempt here.
Hollow grinds allow a thin edge that is easy to sharpen for a while. Generally speaking, they are great for shallow cuts (where the depth of the material is lower than where the hollow starts to widen. if you are cutting thicker materials, they can have a tendency to bind in the hollows. A flat grind has a great shearing effect for thick materials. E.G., cut a thick piece of meat with a shallow hollow ground blade and with a flat grind, adn you should feel like the cut is easier. Also, generally speaking, the flat grind makes for a tougher blade than the hollow ground blade.
Mick and Duane ought to be able to give you more info. Again, this is all quite general. people have been using hollow ground Striders for quite a while, and from what I ehar, they perform well! Also, look at Jerry Hossom's hollow ground blades. They cut liek they're not supposed to! And they're supposed to break! I swear!!!! But they don't.
Personal preference? FLAT GRINDS RULE! Of course, flat grindign is all I can do onmy little belt sander...
