I always used a single babel.bib BibTex file to keep a record of all my readings. Great. Then I managed it using a VCS (first SVN, then git). Super great. But at the same time, resources like CiteUlike or Mendeley (but also other services like orcid) allow for cloud-like services of having this data everywhere, anytime. Super super great!
But this fails if you have no connection to internet (remote conference, ...) or more importantly if these services change their policy (mendeley to citeulike sync disappeared at a sudden). The work you provide is not yours. These are mostly commercial services while all the open-source tools are there. Most importantly, the multiplicity of tools makes it difficult to share bibliographic data easily, while if we would have a tool to translate between them this would make it possible (without changing your habits).