well, my only concern with glass is that when it is scratched, replacing a panel is a HUGE pain if you have a stocked tank... you can't buff, fix glass underwater. Granted, glass is pretty hard to scratch, but my 29 gal prop tank has scratches all over the front panel. And yes, you can re-seal a glass tank when the silicone starts to go. I just feel that acrylic is better since it never needs re-sealing. And drilling acrylicis easier... plus tempered glass is undrillable.
On a side note, I was at OG, when a guy came in to order a 300gal tank because his acrylic tank at home ruptured when he smacked his cleaning magnet on the front left side of the tank (a 300 gal).. so acrylic bonds can break if not done properly. And yes, if you leave an acrylic tank out in the sun for a while, it will dis-color. I just don't see anyone actually keeping a reef tank outside is all.
BUT.... in the end.... it's a ford/dodge thing. . . I just prefer the benefits and easy of use as acrylic.