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Audio CODEC advice

Other Parts Discussed in Thread: TLV320AIC1103, TLV320AIC1106, TLV320AIC3100

We've got an application looking for a Lower resolution Audio Codec (24 bits is not required)
Supports Microphone (electret /condenser mic) natively
Compression desirable to minimize over the air data

Currently looking at TLV320AIC1103 and/or TLV320AIC1106.  Are there better options?

Also, what are the pros and cons of PCM vs. I2S for digital audio interface?