"Episodic" vs. Full releases

[PK8]

I've been thinking about starting a discussion on this for a while.

Anyway, heya community, let's discuss the advantages and disadvantages of episodic releases or full (COMPLETE) releases of projects.

I personally don't have a lot to say (nothing to think of, anyway) since I haven't released a project since 2006 (well, that one project was a mini-game and it was lame. :P) but I'll try to think about what advantages or disadvantages each of them have but I'm afraid I'm a bit biased here. Some of the reasons listed here are stolen from Tal.

• Full
  • Project completely released all in one shot.
    
  • You don't get much feedback/guidance along the way.
    
• Episodic
  • If a project is really good, it tends to keep suspense and interest levels high.
    
  • They get released at a faster rate and in smaller chunks.
    
  • Creators can get critiqued about each release from other players which would help him/her improve.
    
  • I believe that since the creator is working on releasing his/her project in parts rather than one full project, the creator can spend more time developing an episode... or something. I don't know how to word it right, but you guys get what I'm saying, right?
    
  • Episodic releases might come across as "pretentious" to certain people.

Alright, let's get the discussion rolling. Would you prefer doing complete releases or episodic releases? Why? Also, just state what advantages full releases have over episodic releases and vice versa, if you've thought of any.