Pros and Cons of Garbage Collection?

ers asks: "Most new programming languages are using garbage collection, rather than programmer-controlled memory management. The advantages are obvious: programmers no longer have to worry about forgetting to delete allocated memory, leading to far fewer memory leaks. The disadvantages are often glossed over by programming language designers - aside from the performance issues, predictable memory management can be used for controlling access to files and similar resources, creating safer thread locking code and even providing better error messages. Some programming languages, which usually predictable memory management, can also be made to behave like they are garbage collected - for example, Boost provides various C++ smart pointer classes. So, given the choice between garbage collection or manual memory management, which would you choose and why? When using a manual memory management language, when do you consider the performance and syntactic overhead of faked garbage collection to be worthwhile?"