My apologies to John for replying to him personally instead of the group as I intended. Here’s my response so other’s can comment.

It causes havoc with html validators, some websites and comment
systems don’t handle unicode, in some fonts there is no discernible
difference between a hyphen and an en or em dash, it makes, for me,
editing the html tougher at a later date, and it’s a personal
preference in html code I’d much rather see … then a character
that without mousing over I can’t tell is an actual ellipsis or
separate periods, and, too often for my liking, switching systems and
apps can cause the unicode to be displayed as some crazy east european
diacritics.

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