A good Powerpoint presentation is easy to read, easy to understand, and contains no errors.
Of course, I've seen a great many bad powerpoint presentations. But they can be done well.
Overhead projectors were evil too.
My accounting professor: (puts up slide)Here the answer to problem 6-2A. Any questions?
(Students stare blankly at a full screen of numbers)
Professor: OK. (removes and replaces slide) Here is 6-3A. Any questions?
I teach accounting now. I draw and complete every problem on the board at the same speed a student would do it. I stop along the way to answer questions.
No overhead. No PowerPoint. No problem.