Can of worms here...but an interesting question...
Tables are slow
Tables can be inflexible
Accessibility issues are easier with CSS
Tables don’t degrade
Tables don’t print as well
Examples
Followups
Other Resources
Have a quick read here..
http://davespicks.com/essays/notables.html
If you haven't got time the fact is tables were never meant for layout purposes but only really to hold tabular data, it's a bit of short cut, harder to update and eventually could hinder a site alot in the future.
Quote:
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Tables existed in HTML for one reason: To display tabular data. But then border="0" made it possible for designers to have a grid upon which to lay out images and text. Still the most dominant means of designing visually rich Web sites, the use of tables is now actually interfering with building a better, more accessible, flexible, and functional Web. Find out where the problems stem from, and learn solutions to create transitional or completely table-less layout.
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This is another...
http://www.hotdesign.com/seybold/