1) Web Dynpro is standard, and BSP is old technology.
2) BSP and WD use a similar kind of UI model. BSP is a free format application and it gives freedom to the user to code in HTML, JavaScript etc.
But there are many disadvantage in BSP. For instance the usages of value help, personalization, etc. are not possible. WD overcomes all the inconsistencies which are found in BSP.