I guess it depends on your use case. I'm interested in having my own gallery I can share, rather than a Flickr page. I prefer "my photo gallery site" to "my pictures on Flickr", so for me the custom domain and branding is important. I don't particularly care about the community aspects beyond viewing the photos of some of my friends, so that piece of Flickr holds little interest to me. Of course when I set it up I was also very disillusioned about Yahoo and wanted to get away from that and into something that felt more sustainable.