The graphics, I must stress, are what I believe to be the biggest change. No more pixellated “I can't really see whats happening” moments, and everything runs VERY smooth. The animation video-like moments are great when your sim gets engaged, married or any other big ceremony.
Another big plus is that your sims no longer stay an adult/child their whole life. With the new system, they are born, become children, teens, adults, elders and then finally die. Did they lead a happy and fufilling life? It's up to you.