Seems the 1.3 live() feature is more limited than the plugin? But will the plugin become deprecated eventually?
This seems to be the best thread so far, but I'll have to head over to IRC perhaps:
Maybe a benchmark on large DOMs comparing the 2 solutions? Anyone interested? If so I'll whip something up.
In any case it seems that the current recommendation is to use live() until you need liveQuery() for some event not supported by live()