In response to XML or Text for Python Templates?

There are a number of (very good) templating systems and languages available for Python. They fall in to one of two camps; either they are XML based, like Genshi, or they are text based, like Mako. Most programmers favour one or the other, but there is far from a consensus over which is better.

I'd like to use this debate to gather reasons for using one over the other in the context of web development. I suspect there will be no clear winner, but it should serve as a useful resource for those faced with the decision!

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NB. You can post code with the [code] bbcode tag. Many languages are supported. e.g.

[code python]

print "Hello, World!"

[/code]