I have posted this before, but I just want to point out again that there are MANY MANY features that are missing from the 430EX or 430EX II.
I may not use all of them now, but it sure is nice to know they are there if I need them one day.
Threaded PC socket (580EX II only)
External AutoFlash Exposure Sensor(580EX II only)
Weather Sealing (580EX II only)
Control Wheel (580EX or 580EX II)
Pull-out catchlight panel (580EX or 580EX II)
Flash head tilts downwards (580EX or 580EX II)
Flash head swivels full 180° both left and right (580EX or 580EX II)
stroboscopic (MULTI) flash (580EX or 580EX II)
Master Slave Capability (580EX or 580EX II)
Flash exposure bracketing (FEB) (580EX or 580EX II)
High voltage input port (580EX or 580EX II)
FEC adjusted in 1/3 stop increments (also on 430EX II)
Metal Hotshoe (580EX II or 430EX II only)
quick release mechanism (580EX II or 430EX II only)
silent recycle (580EX II or 430EX II only)
Flash Menu in Camera with 40D, 1D III, XSi, etc (580EX II or 430EX II only)