Live vs Online... Both have their places. It's nice to be able to just get online an play any type of game you want at whatever stakes you like. Live poker maybe a little harder to find a game, depending on where you live you may not be able to even find a live game. Ah, but when you do there is nothing like looking your opponent in the eye knowing you have them beat as they go all in. Live definitely has the edge over online from the excitement standpoint. But I give the nod to online play as the favorite to find a game at any given time.
"It is better to be thought a fool than to open one's mouth and remove all doubt" Ben Frankin
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you can play the player too in live tournaments, you can see everyones reactions 