Cellulose is organic? It's recycled paper treated with pesticides and fire retardant chemicals.
Assuming your talking Blown Fiberglass vs Cellulose, the Cellulose will most likely settle faster as it is much heavier than the fiberglass insulation. It also absorbs more moisture, but that's really only a problem if you have a leak or animals in the attic pissing in a certain spot. Fiberglass sucks much more to deal with, both itching and breathing in if you do any work in tha attic. Cellulose has a tendency to be really dusty when disturbed, but not near as irritating.
All in all, if I were just blowing the **** in the atttic and never planned to mull around in the ****, I think Fiberglass is a cheaper and better option.
EDIT: An added FYI, I was an Insulation Contractor from '99-'02, and have been in construction for 14 years.
[This message has been edited by Catch (edited 4/26/2012 10:11a).]