Nina vs. ARGH: First-Person Narration vs. Third Person Narration

We love to read.  We read young adult fiction, thrillers, murder mysteries, love stories, etc. etc., but apart from the genre do you still have any factor that influences your book preference?  Like the point of view, perhaps?  I have always preferred reading books written through the character's point of view.  Some examples are Dash and Lily's Book of Dares, Boy Meets Boy, and The Catcher In the Rye.  I have always liked that feeling that I am getting inside a character's head and understanding the story through his/her eyes.  

ARGH, on the other hand, favors third-person narratives.  According to him, he appreciates the objectivity of such narratives because he is able to understand by himself what happens in stories.  Some books he likes are The Pelican Brief, Hannibal, and Pride and Prejudice (of course!  He's named after the author). 

So we'd like to ask you, do you prefer a story written in the first person or third person?

 

                                                   First Person          vs.        Third person

I like first-person narratives because:

1. I see a more genuine account of a character's personality, feelings, and perspective,
2. Hence, I can easily connect with a character.
3. I am more of an 'introspective person' which makes me prefer subjective points of view in stories.
4. I appreciate a story that 'shows' more than 'tells' you what is happening.  If you are reading a third-person account, the storytelling would more likely eclipse the visual that the story would like you to see.
5. Characters are more well-developed and defined in order to provide an authentic perspective.  

On the other hand, ARGH likes third-person narratives because:

1. First-person accounts are very egocentric - what do they know about what the other person is thinking/feeling/talking about?
2. Third-person narratives can provide better perspective on the story because it gives an omniscient view of everything that happens.  
3. Helps understand more people involved in the story, not just the main characters whom a first-person narration would tend to focus on.
4. Narrators in the third person have a more flexible way of storytelling.  They can show you events from the past and the future, and other things that involved characters may not be aware of.
5. It is more objective, therefore the reader can actually think for themselves and form their own opinions and use their own imagination.

How about you?  Which do you prefer?