IMHO Empower Spell has a better "power-to-weight" ratio than Maximize Spell for spells whose variable is based on a d4 or d6 roll. The smaller the die, the better Empower Spell is compared to Maximize Spell, because the maximised "roll" is proportionately less than the average x 1.5 "roll".
Average d4 = 2.5
Empowered average d4 = 3.5
NB: Not 3.75, because of the effects of rounding of results, see below
Maximized d4 = 4
Average difference = 0.5
Average d6 = 3.5
Empowered average d6 = 5
Maximized d6 = 6
Average difference = 1
Average d8 = 4.5
Empowered average d8 = 6.5
Maximized d8 = 8
Average difference = 1.5
And so on... (the average difference between the Enpowered die roll and the Maximized die roll increases by 0.5 per 2 sides of the die).
Since the vast majority of spells use d4s and d6s as their random element, and because an Empowered spell is +2 levels whereas a Maximised is +3 levels, if you have a choice of one of the two as your metamagic feat, always go with Empower Spell.
In relation to calculation of Empowered spells, I believe most of the previous posters have got it wrong. The 1.5 multiple is for each die, which is then rounded down according to the standard rules for rounding of die rolls. Thus, an Empowered fireball at 10th level does not do an average of 52.5 points of damage (35 x 1.5), it does 50 (10 x 5). This is because an Enpowered d6 has an average of 5, not 5.25, as follows:
Result of 1 on d6 -> Empowered result = 1
Result of 2 on d6 -> Empowered result = 3
Result of 3 on d6 -> Empowered result = 4
Result of 4 on d6 -> Empowered result = 6
Result of 5 on d6 -> Empowered result = 7
Result of 6 on d6 -> Empowered result = 9
Average = 30/6 = 5.
Cheers, Al'Kelhar