Wellgo Toe Clips
[caption caption="Origin8 Toe Clips"]
Personally, I put toe clips on every bike I own. I love having the feeling of a snug foot while I'm riding. It also positions your foot properly on the pedal. And, most of all, being able to pull up on the pedal in addition to pushing down adds a lot of power and is especially useful for climbing hills.
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[caption caption="Power Grips"]
On the other hand, there are definitely some drawbacks. Depending on the shoes you are wearing, you may have to readjust the straps. If you are walking your bike or riding without the toe clips, they can drag on the ground and break, or jsut make an awful noise.
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Where do you stand?