OS Integration -- copy-and-paste works better, scroll works predictably (there are quirks in OSX terminal using mouse mode in vim and in emacs), sensical full-screen mode
Advanced features -- Certain things can't be done with the terminal. For example, Aquamacs lets you see inline latex previews: http://aquamacs.org/latex.shtml
Advanced features -- Certain things can't be done with the terminal. For example, Aquamacs lets you see inline latex previews: http://aquamacs.org/latex.shtml