This photo, for me, is a good example of how the choice of b&w or color can affect how you might see or interpret a photography. I love the color photo because of all of the color. To me this shot almost jumps out at you with the color. However, the downside of the color photo is that you seem to lose the people.
I feel that the people become more of the central focus of the black and white photo and you see them within the context of the setting without the distraction of color.