As Gareth noted, the linerlock is stronger, it is also more resilient against dirt in the mechanism. And especially the newest version of the locking liner feels rather uncomfortable in my hand... (It bites into my finger joints.) Oh, and btw, the pins are thicker in the linerlock models, those knives are generally stronger, not only in the choice of locking mechanism.
I suspect the sidelocking model will be phased out in time.