Does dublin core metadata has some advantage/disadvantage over SEO? Or it's just passing on some information to search engines??
I have never heard of the dublin core meta tag having any impact on SEO. I would focus on adding unique and optimized meta title and meta description tags to every page and would not worry about the dublin core meta tag.
I think major search engine does not assign much weight to the Dublin core meta data. May be it will helpful in the future in the evolution of semantic web.