Well, compared to green, the Blacks run at 7200 RPM, which translates into higher read speeds and lower seek times. They also tend to feature larger RAM buffers and dual-core processors. Altogether, you get slight performance improvements (but nothing on the level of a SSD) at additional cost and burning additional power.
IMO, it's not worth it, unless you need a little bit more speed for accessing bulk data. Use a SSD for boot and programs, and go with a cheaper HDD (like Green) for bulk data or maybe Red for a RAID or NAS.