SC's routine is extremely specific upon goals and individual approach - as such, low intensity cardio yields the most efficacy UNDER HIS program.
But to add to what Synpax already said, high intensity cardio:
1)upregulates systemic metabolism
2)enhances nutrient partitioning via increased insulin sensitivity, higher rates of energy expenditure and over all hormonal response
3)upregulates certain types of ligands in the body which increase transcription of fatty acids into cell mitochondria, specifically research suggests muscle cells uptake fatty acids which is good for increased energy and fatty oxidation, and increase over all fatty acid oxidation
4)numerous cardiovascular/lipid benefits
5)upregulates bodily response to oxidative stress - your body systematically adapts to combat oxidants produced from energy metabolism more effectively
conS:
it demolishes your joints so take necessary precations: MSM, chondroitin, glucosamine, rhGH/igf-1 (if you have access), prednisone (couterproductive to muscle gains

), etc - basically things that increase collagen turnover/sythesis and lubrication
Something Daisy touched upon: it is not true that you necessarily need a day of rest after HIIT since it's intense. As I said through conditioning you will shift your physical set-point to a higher value via bodily adaptogenic response - therefore adequate amount of rest will diminish - ie you will require less rest to accomplish same routine, or even intensify it.
I train 5-6 days a week: high intensity training in the AM and weightlifting in the PM, and I ain't breaking down into pieces. Granted, I did not adopt this routine from the outset, rather gradual progress is what got me to this point.