To worm or not to worm

So our first bit of compost discussion revolved around whether we should use the brown/green method or vermiculture.
The brown/green concept revolves around using brown materials for carbon and green materials for nitrogen. My first and only experience with compost has been with the brown/green concept in my backyard. We (meaning J) took a plastic trash can and punctured it throughougt to allow air to move through the compost. Since he did this, we have been filling it, slowly, but surely. Mostly we use waste from the kitchen, including coffee filters and grounds, and then some leaves and newspaper. I do have to say that I really enjoy taking the pieces of vegetables we don't cook and leftovers we don't eat, and putting them in the bin. In the future, my uneaten food will be used to grow new food for us to eat. How cool is that concept? (Feel free to sing the Circle of Life from the Lion King now if you so desire.)
Our composting commitee has decided that the New Era garden will start out with this type of compost.
Now, what I know about vermicomposting. Vermiculture uses worms to break down the materials. Baiscally, you just take a bin and line the bottom with worms and let them eat through the food.
I don't really know at this point what the benefits and deteriments are to either type of compost. Although we are going to start out sans worms, we will be discussing what the future benefits might be to moving to the worm-based system later.
So that's really it for now on the composting. I am just trying to learn a lot about the two different types and what materials are best for each system. Next week, we will go tour two community gardens to check out their composting systems. Who would ever think it would be so much fun to talk about and learn about how to use left over food?