Our tandem with inexpensive Tektro mini-V rim brakes and STI levers can lock up even the front tire on dry pavement with one finger on the lever. (I found out by accident as the 350 pounds of us riders plus bike hurried down a mountain grade.) You won't find better braking than that. I only rode it once in the rain, and the braking seemed to be just as good, even right after going through one to two inches of water, due, I suppose, to the machined rim braking surfaces. While most rim brakes do poorly when wet, I saw some brake comparison results online that showed this particular kind of pad to not suffer in the wet. The web page no longer exists or I'd post the URL. The advantage to disc brakes would be that sand stuck to damp rims doesn't wear them out when you brake. I've heard of rims wearing so badly that the force of the inflated tire broke them out.
We have the Arai drum brake on the tandem as a third brake for drag on long, twisty descents, but seldom need it. Unless you're quite heavy, I wouldn't worry about overheated rims on a single (non-tandem) bike. I was on the tandem@hobbes forum for several years and the subject of discs came up frequently. It seemed that the greatest reason people wanted them was that they looked cool. They weren't up to drag duty like the Arai drum brake (they would warp, sometimes melt caliper parts, or, if hydraulic, even boil the fluid) but the ones that did fine otherwise were the 8"-diameter ones, and, if I remember correctly, the favorite was the Avid ball-bearing mechanical ones. A common complaint however was that they wore out pads extremely quickly, sometimes in less than a thousand miles.
This message was edited by whittierider on 1-25-08 @ 8:03 PM