Benefits of using the conditional ?: (ternary) operator

Question

What are the benefits and drawbacks of the ?: operator as opposed to the standard if-else statement. The obvious ones being:

Conditional ?: Operator

Answer 1

Sometimes it can make the assignment of a bool value easier to read at first glance:

// With
button.IsEnabled = someControl.HasError ? false : true;

// Without
button.IsEnabled = !someControl.HasError;