Yes, git is THAT MUCH BETTER.
I wish I had time to get in all the details about why git is better but I will leave you with two questions to ask your existing version control system:
1. How fast is your version control system?
Unless you have tried git, you will not realize how painfully slow SVN (or any other VCS which has to talk to server) is. 90% of my git operations take less than a second.
Now, you may say that 'speed' is not an issue. Trust me, it is. Once you have a super fast VCS, you will embrace it as your friend in everyday coding instead of using it at the end of the day. It's something similar to what Google thinks that making website/webapp faster brings in more users.
2. Can your version control handle renames?
There are very few version control systems out there which can handle renames. If you dread renaming files because of SVN, you ought to look at git. BTW, not only can git handle renames without a hitch, it can show you code history across file renames.
Again, you may think that 'renaming' is not an issue. But if you believe that 'naming' is very important for your code and you do re-factoring all the time, you don't want your version control system to dictate how you work.
I can imagine why one may think that git is fad. But after using it for 2 years now, I can not use any other version control system. [And for a background, I have used following version control systems for real proejcts: CVS, VSS, Perforce, Surround SCM, SVN, TFS.]