Re: Hey electronics/pro-audio dudes.
No functional difference - they'll both give you a balanced line plus shield. XLR's are probably a lot easier to wire.
TRS has the advantage that if you want to go unbalanced, you can just plug in a normal cord, and it will short - to shield. I could see this being a cost saving measure on say, a power amp input, giving you both inputs with one connector. I think the Biamp power amps I owned a long time ago were like this. If you're cranking out a brazillion units, you have to look hard at whether you really want to pay the extra $$$ for the XLR connectors.