Parameterized SQL statements are an easy way to avoid [[wp:SQL injection|SQL injection]] attacks. SQL drivers and libraries will automatically "sanitize" input to parameterized SQL statements to avoid these catastrophic database attacks. Second, parameterized SQL performs better. A lot better.
Using a SQL update statement like this one (spacing is optional):
Non-parameterized SQL is the GoTo statement of database programming. Don't do it, and make sure your coworkers don't either.