I have always loved pencils, loved the feel of them, the detail you can achieve and the simplicity of them. I favour Caran D'Ache Prismalo above all others although I do use Derwent, Faber Castel among others. Occassionally when I want a flash of intense colour I will use pastels.
I generally use Daler-Rowney sheets of art paper or for smaller pieces Daler-Rowney pastel pads. I have also used Velour paper which is a very interesting medium to use and I still feel I have much more to explore when using this paper.
Coloured Pencil certainly requires patience and skill, there are no short cuts or quick fixes. It will often take 70 hours to finish a commission.
From Sketching to Fine art I can not find a reason not to like Coloured Pencil.