Is Vite really better than Webpack?

In the world of JavaScript module bundlers, Webpack has long been the gold standard. However, the emergence of Vite has sparked a debate among developers regarding its superiority. Could you elaborate on the key differences between Vite and Webpack, and why some might argue that Vite is truly the superior choice? Does its lightning-fast cold start time, native ES Module support, or seamless integration with modern frameworks like Vue 3 and React 18 give it a significant edge? Or are there certain scenarios where Webpack still reigns supreme? I'd like to gain a deeper understanding of the nuances between these two bundlers and how they each impact the development experience and performance of modern web applications.