The iridium tip is very fine, and technically the iridium allows you to run higher temperatures with less spark jump (and thus better efficiency and throttle response). - The problems with them are that the tip isn't physically part of the plug core; it's welded onto the top (whereas a copper core tends to be a continuous piece of metal), and because it's so fine it's easy to snap that off... giving you a huge gap in the plug and a rogue piece of hardened metal floating around in the bore, which can then damage or get stuck in an exhaust valve.
That doesn't mean it's a common problem, but it has happened to people (I'm sure someone in the N/W).
Usually though, it's that the fine tip gets fouled really easily. If your mixture is a bit rich (as it often is when you're on boost), it doesn't take much to coat the electrode.
Similarly, if you've flooded the engine it's really hard to get them to fire again. - This one I've experience first-hand; it's easier to take the plugs out and put new ones in, than get the old iridium tips to fire. I'm sure if you clean them up they'll work again, but it's very hard to clean such a fine tip without bending/breaking it.
There are plenty of high-powered cars that use a standard copper-core plug.
If you're struggling to find them, I think Boby sells them.