I think this is exactly the kind of comparison you are looking for.
It basically says that JSON.Net is better because it among other things...
- Is faster
- Has LINQ to JSON support
- Can convert JSON to and from XML
In my opinion the only positive, (and it is a small positive), I can see for the built-in serializer is that there is no extra external dependency to manage.
Edit: Codeplex is shutting down one day so you can find the comparison here as well, just search for "Feature comparison" on the page.