Evenly Matched
Maybe I'm a sucker for all things old fashioned, but I always liked board wargames. I always found them more economical in the long run, as you don't have to buy a computer or video game system (and then another when your current one becomes obsolete), and more detailed and challenging. PC games tend to focus on graphics and pretty explosions and put more emphasis on being fun and easy to learn as opposed to being realistic. (I'm not saying this is a bad thing, just that that is what they do.) I have yet to find a PC game that has the attention to detail of, say, AH's Fortress Europe or 1776.
Of course computer speed, AI, and graphics do pay off with tactical simulators like Ghost Recon, Rainbow Six, and the Medal of Honor series. Where board wargames give you plenty of time to think about a situation that, in real life, you would only have seconds to decide about, in the computer world the enemy is actively shooting at you. These days, AI is improved and physical damage is calculated in a more realistic fashion, making for a more fun and challenging game.
Though I prefer board wargames, my overall opinion is that on a strategical level board wargames come out the best and on a tactical level the computer wins. Each has it's own strengths and weaknesess. I don't feel one form to be exceedingly better than the other.