They perform pretty much the same, it's just the connectivity that you have to look for. But between SATA 150 and 3.0, there's basically almost no difference in performance. So no all are better in general, just for the connectivity as I said.
And pretty much all Intel motherboards are doing away with the PATA drives in general, all P965 boards come with a 3rd party controller for PATA drives and I doubt in the future Intel will add support for PATA peripherals in all.
Thinking in buying a new HDD? Well, best bet it's always to go with SATA as most MoBos nowadays have at least two or 4 SATA connectors. And it wouldn't matter that much if it were a 150 or 3.0.
Look for warranty period and cache, the higher the better, that's about it.