Still while both are good off road and have their own strengths and weaknesses. I must admit it's hard to go past the safety point that keeps being raised and many Defender owners keep scoffing at.
 Below is a link to an accident that happened is SA when a drunk driver in a Audi driving at over 200 kph crossed a highway and hit a family of four head on in their Disco 3 doing about 100 kph in the opposite direction. This thread created lots of discussion at the time in the D3/4 section. 
Anyway go have a look at the many pics taken by one of the forums members called Koos Best, who also owns a D3, then judge for yourself whether you would rather be in (and have your family in) a Disco 3/4 or your Defender in a similar situation.
  
http://www.aulro.com/afvb/d3-d4-rrs/...-africa-4.html
One other point, someone commented that they didn't understand why a D3/4 is over a ton heavier than their Defender?
The answer is simple while your Defender may have a sturdy chassis, a Disco 3/4 also has a sturdy chassis and a full monocoque body, which basically means it has the best of both worlds in modern vehicle design when it comes to strength and safety, however this over engineering makes them heavy. 
That is how a Disco 3/4 can have the body, from bumper to bumper, lifted off the chassis and it doesn't break in two or have the doors jam. Try lifting the body off of your Defender in one piece and see what happens.
It is rumoured the next Defender will be based on the T5 platform (same as the D3/4) if it is then new Defender owners will not only have a great vehicle off road but a much safer one on road.
cheers,
Terry