Segmented tablespaces have a space map at the beginning of each segment. In some situations this can help DB2 more quickly find empty space during inserts, but the space map must be maintained by DB2. But in certain cases, inserting into segmented tablespaces can cause hot spots at the end of each segment.
IMO, segmented tablespaces are way over-sold if there is only one table in the tablespace. However, for DBA's that don't properly define PCTFREE and don't reorg the tablespaces when needed, segmented tablespaces are probably a good idea.