The Canon flashes will evaluate every exposure you make, and that means inconsistency. If it's a feature shot for a magazine it doesn't matter since there's going to be variation anyway. But for the H&S shots Canon is not the answer.
I pretty much agree with what has been said so far. However, this is misleading. If you run the Canon speedlights (or Nikon for that matter), in wireless mode, this is true. However, the speedlights can also run manual just like a studio strobe setup, fully adjustable, and in that mode are just as consistent as a studio strobe setup. So you get evaluative wireless metering if wanted, or fully manual just like a studio strobe setup. The best of both operating modes.
Off the shelf softboxes are available for speedlights, and grids, snoots, and barn doors are very easily made as well. The Strobist has some good examples of easy to make modifiers that work very well on speedlights.
I use both studio strobe and speedlights on a daily basis, and even mix the two lighting products together when warranted. The studio strobes are cheaper and have more power. The speedlights are more expensive, less power, but very portable and versatile. In the end, the only disadvantage I find to using speedlights is they cost more for a similar setup, and they aren't as powerful.
If you think you are limited by using speedlights for portraits, head and shoulder shots, etc, check out www.StephenKennedy.com
, the flicker group for the strobist http://www.flickr.com/groups/strobist/pool/
, or the stuff Joe McNally or Dave Black shoot (don't have their websites handy).
One last comment. Monolights can also be run on location with a fairly inexpensive pure sine-wave inverter and a car battery. The inverter will run about $175. The setup works well, and you can run a few mono-lights off the inverter just fine. But if you are too far away from a car, you would need a more expensive battery setup (about $600) for portable operation.