Advantage and Disadvantages of 64 bit over 32 bit

Hi,
Can anyone please let me know the advantages and disadvantages of 64 bit over 32 bit Essbase. The version i am currently using is 9.3.1 on 32 bit.
Will appreciate your help.
Thanks in advance
RG

Thanks Giri for high level infromation.
Can you please provide me information that is there any matrix available provide the comparision on 32 bit over 64 bit. Like the comparision on maximum dimensions and members, Maximum number of parallel calc threads ( BSO) OR Maximum number of parallel loads ( ASO), Maximum number of user threads on Analytics access via smart view, excel add in or EAS console, etc.
It would be really helpful if you could provide the same.
Many Thanks
Suman

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