Condition within JOIN or WHERE

Is there any difference (performance, best-practice, etc...) between putting a condition in the JOIN clause vs. the WHERE clause?

For example...

-- Condition in JOIN
SELECT *
FROM dbo.Customers AS CUS
INNER JOIN dbo.Orders AS ORD 
ON CUS.CustomerID = ORD.CustomerID
AND CUS.FirstName = 'John'

-- Condition in WHERE
SELECT *
FROM dbo.Customers AS CUS
INNER JOIN dbo.Orders AS ORD 
ON CUS.CustomerID = ORD.CustomerID
WHERE CUS.FirstName = 'John'

Which do you prefer (and perhaps why)?