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Been using all flavors of both for about a year now, Firefox kicks butt, but only if you have the right hardware. CPU speed not as bad as a slow HD.
I was like you, I was a bit timid, hated the thought of losing my favorites, all that. Mozilla didnt import them quite right at that time, i just manually redid them. Been gradually moving up the mozilla/firefox chain ever since.
It is to the point now where i use the firefox bookmarks, which are saved as a html file, as the homepage for all my systems that are still using IE. Not many but this laptop im typing on is one.
Do it and use both for a bit, see how you like it. Popup blocking is nice, so are the extensions.
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