/media vs /mnt?

I've always kind of wondered this....really, what is the convention? I realize that it does not technically matter: you can mount any type of filesystem pretty much anywhere you damn please, that's the beauty of Linux. But this seems like it is not necessarily nailed down just yet. To me, everything should just go in /mnt. What makes it classified as "media" anyway?

Anyway, apparently, I used /mnt in my old fstab and /media in my new one (that's where the drive was mounted by default in Chakra), so I've got all this compatibility I will inevitably run into. So I did the lazy approach that I always do: create a symlink. I'm sure that will never come back to bite me in the ass...

-Bry