[ctpide]

I would say the "better experience" argument is mostly true when you look at how payments are handled, but a taxi will pick you up and drop you off very much the same way as Uber does. A lot of cab companies have now implemented their own apps - so you can get a similar request-on-demand situation, only that you'll not be charged extra when demand goes up...

In the last city I lived pretty much all cab drivers were also Uber (black) drivers (or maybe it was the other way around). Regardless, pricing was very similar and often cheaper going with the regulated taxi rate.