Script typefaces (I happen to be a sucker for anything hand-drawn as well) can be sophisticated, modern, smooth and adds a touch of individuality to a design.
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Script typefaces also remind modern designs of something traditional which I love to see as a designer. As technology becomes more and more prevalent, these small touches of curves and flourishes keep the communication pieces special and more targeted in their approach.
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Slab-serifs have a completely different feel. They are stronger, bolder and offer a lot of structure to a design. They also are great to use to stack and line up elements. The right ones can have a very indie vibe to them and seem to work in combination with script and light typefaces. Overall, they are a versatile choice for an identity design or headline.
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One thing is for certain, typefaces go through trends and the minute you pick up on one, another one becomes popular. Scripts and slab-serifs are very popular now, but in my design heart, they will always have their perfect use and place in the right communication piece.