That is a subject that has been discussed to death. You will still find the occasional champion of the forged blade's superiority, but largely I think the consensus has become that a forged blade, if forged and heat treated right, is no better than the equal of a stock removal blade that has been heat treated right.
I am a blade forger, but I do it for many of the reasons stated above. I can use big stock, I can waste less material, I can make damascus. I love fire and smithing in general- my interest in forging extends beyond blades into general blacksmithing as well.
I often find that I can grind a given blade out of a blank annealed factory bar faster than forging the bevels and point, then having to grind it anyway. The correct thermal cycles necessary after forging a blade to make it ready for quenching add time and fuel as well. When it comes to integral knives, forging opens a great realm of possibility in design and is usually far less wasteful. To a metal smith or craftsman, forging is just another tool in the kit to be used when appropriate or advantageous.