On price, I think the two options are about the same, roughly. If you flash (create) your own Meteobridge, buy the license and add the USB logger, it's around $200, and I think that's about the same price for the IP logger. Similarly, the Meteo will allow you to place your console anywhere you want because the Meteo (which is just a wifi router with new software on it) connects to a network, either via ethernet, wifi, or creating its own wifi network.
For me, where the extra value comes in, is the extra horsepower and ability that the Meteo software brings to create a standalone web site, without the need of a computer running 24/7. For many people, WXCat, WXDisplay, and other programs are nice, but the need to run a computer all the time can be a show stopper. I do indeed run my iMac 24/7 because neighbors use my WXCat
website and I like the thought of it always being out there and available. However, even though I've protected the components with UPS power backups, there is still a limit to how long the site will be up in the event of a power failure. Also, my web host tends to go down for a few minutes a week, for unknown reasons.
With the Meteo, a full site can be run,
like mine here, and it uses very little power or bandwidth to do so, for those who care about such things. In the end, I started with the Meteo because I didn't want to run my computer all the time, but I finally succumbed to the power of the
dark side Weather Cat. If one already has the IP logger, I don't see a reason to switch, but if one is just starting out, the Meteo with USB logger is a great option over the stand alone USB and all the trials it causes.
Apologies for the ramble!