The Writers' Association discussion
The written word in print
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Self-Publishing: pros and cons
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In my opinion, the only bad thing about self pub is the stigma that goes with it, Ive heard people not wanting to read a book like that because they automatically think its going to be terrible and in great need of an editor, or that some libraries wont have your books and that people won't call a "propper" author because you did it yourself.
The bad thing about the traditional way is the negative feedbacks, which would give a huge dent on my confidence; and that your hard work could be permanetly in the slush pile.
Some of the publishers I've seen what you to have your novel seen by smebody else, which means paying for a freelance editor (big bucks), or having an agent which I've heard it's pretty hard.
Anyway, enough babbling and please, someone with experience, write something

well, we shall see but for now i do admire both traditionally and self-published authors equally for they are all so strong, determined and inspirational. x
*Remember: The author is responsible and in control of entire process including design (cover/interior), formats, price, distribution, marketing & PR. The authors can do it all themselves or outsource all or part of the process to companies that offer these services.
What are the advantages and disadvantages?
Have you gone down the self-publishing route (such as vanity publishing as a joint venture with a company, or by yourself)?