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Text is very easy to reason about, and you can quickly determine what transformations you need to make based on visual feedback. Working with objects means spending a lot more time in the documentation learning what properties you have to work with.Or not. Take `ps`. You'll need to spend time in documentation anyway, figuring out what process properties can be shown with what flag, and then you'll be bitten later by things like the difference between `ps ux` and `ps aux` including process names in square brackets, etc. Contrast with PS equivalent, `Get-Process`. Type `Get-Process | Get-Member` to list properties of the objects returned by `Get-Process`, and you can quickly see both properties you can inspect (with descriptive names, not "VSZ" or "RSS") and what methods you can call directly (instead of extracting properties and piping to other programs).
This is IMO much cleaner, easier to work with interactively (properties instead of constant parsing and unparsing of text), better for interoperability (you're limited by what actual objects expose, not by what pieces of them a CLI program wishes to print, and if it so happens that objects somehow print more than they expose in properties, you can still call ToString() on them and get that data "the UNIX way"), and correctly separates presentation from content.
The only real drawback I've seen of Powershell is the lack of quality-of-life scripts and executables in the system. Like the md5 example elsewhere in this thread.