I tried it, found it slower and less responsive than Chrome. But as this is a completely biased feeling, I'd love to know more.
* Firefox Sync. As I use Firefox on my desktop, it's nice to keep them synched.
* Addons. I know this might sound stupid on a phone, but having lastpass autofill your passwords on-the-go is awesome.
* Interface. I really like the Firefox Mobile UI, but I hate the Chrome (Tablet, I browse on a Nexus 7) Mobile UI. Chrome get really bad with 3 or 4 tabs, making it really hard to switch tabs, and really easy to close tabs by mistake.
* Smoothness. I find that Firefox is way better/faster than Chrome on my Nexus 7 (This might be because I run Nightly, but I've compared it to Chrome Beta too). Especially, try to open 2 or 3 pages with a video, Chrome just become unusable for 5/10 seconds for me.
* Memory usage. I have a 2012 Nexus 7, and it has "only" 1gb of ram. It seems that if I open more than 5 tabs, Chrome just love dropping old tabs them out of memory. I've yet to have Firefox drop a tab, even with 10 or more tabs open. (It does drop them if I leave it in background and open something memory-intensive, like a game, but that's expected).
Firefox for Android also runs on Android 2.2 (Froyo) and later. Chrome only supports Android 4.0 (ICS) and later.
And yes, I do realize that advertising pays for many of the services that I use. It's just that the advertising arms race always makes it more and more intrusive until it's unbearable; I just cannot put up with them. Those services that I value and which offer a subscription plan instead of ads I subscribe to (like LWN). Sadly there's not a lot of content that you can actually choose to pay for rather than receiving via ads, so I just use an ad blocker and move on.
I had problems using Firefox on a stock Android Nexus 4 (bugs with selecting text and freezing when scrolling) but it's been a flawless experience after switching to Cyanogen. I'm at a loss to explain the difference.
I'm too lazy for this shit. If there's no popular, working, desktop-class browser available for this platform, then, sincerely, fuck this shit, my next phone is iPhone, thank you very much.