Hi Tim,
There is a semantic benefit though in clicking (I am trying to appeal to your inner geek here ; ).
Unless the typography and design (use of colour, negative space) are of a high quality what you end up with is one long amorphous chunk of content. Consequently there is a cognitive overhead in scrolling: you have to scan/read through all of this information looking for the specific unit of information that is important to you. On many instances people will not need to read every single unit. They will be looking for a specific chunk.
Using an accordion or tab mechanism adds structure and semantics to the information by chunking it. People can then rapidly scan the chunk titles/headers and then choose the chunk that is relevant to expand and focus on.
~thomas
