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What advantages does Armory have over Bitcoin-Qt? Just better multisig support? Armory runs bitcoind.

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Some obvious reasons:

  • Deterministic wallet (only need to store the seed, bitcoind's wallet uses a random number per address).
  • Multisig support with lockboxes.
  • Paper backups with SecurePrint.
  • Fragmented backups (you need m of n pieces to get back your wallet)
  • Offline signing for additional security

There's also a lot more features that are on the way that we'll be announcing (Disclosure: I work for Armory)

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