The only point I was making was that neither is superior or inferior. It all depends on what you do with them.
I would disagree. In critical circles, the episodic format these days is definitely mostly regarded as outdated, inferior, bland and a bit lazy when it comes to hour-long dramas. All the bland procedurals on CBS spring to mind - NCIS, Criminal Minds etc. They pale in comparison to the shows that have properly serialized seasons.
On the other side of the coin, making a show serialized can definitely help it hold onto viewers as the show won't get confuse viewers with complicated and detailed lore and backstory (which has happened with "Fringe" I think) - but for viewers who have stayed with a serialized show, the rewards are bigger over those who just tune in for an adventure of the week type show.