Black & White or Color?

In a world of digital photography, images are usually captured in full color by the camera and, if desired, converted to black and white using software. Black and white images are common in portrait, wedding and architecture photography, but what is the place of black and white images in nature photography? If the goal is to capture nature's beauty, is there a benefit to full color over black and white (or vice versa)? Below are two images, identical except for the color. You be the judge.