For our group meetings, we used to do chalkboard talks, and this year we ended them for all the same reasons. Without slides, the discussion tends to wander aimlessly, and the speaker does not get to talk about what she intended to talk about in the first place. It takes forever to sketch the simplest diagrams on a chalkboard, the resulting figure has little accuracy and the audience has to sit through a lot of pointless sketching where no information is being conveyed.
Most people still use LaTeX-Beamer rather than PowerPoint, but the latest versions of PPT actually have very good equation tools, so IMHO, there's little reason to favor one over the other. The days of academics trashing on PPT are long gone.