One of the big advantages of a laminate suit is that you can make it as warm as you need it, by varying the undergarments. I use my Fusion (which is a weird suit, but basically a laminate) in Puget Sound, in 7 degree water, and also in Mexico, in 24 degree water. I just change what I wear underneath.
Laminate suits travel more easily, because they dry faster and they are MUCH lighter. Compressed neo suits, on the other hand, are really hard to hurt. My husband uses a Bare 2mm compressed neo suit, and aside from a leak in a boot, he has NEVER had a leak in the suit. You really can't say that about most laminate suits.
Full neoprene suits are heavy and fairly slow to dry, but they are really inexpensive in comparison with many laminate and compressed neo suits. If you are mostly going to do shallow dives, I think a full neo suit is not a bad idea at all. They do take a lot of weight to sink the neo -- but once you have layered a bunch of insulation under the other sorts of suits, they take a lot of lead, too!