Good read on this app note from Silicon Labs comparing their low power but obsolete timer. Link here (PDF)
The 555 timer is the workhorse of ICs, with close to a billion of them manufactured every year. Introduced in 1972, the 555 is still in widespread use because of its ease of use, reasonable price, and good stability. It can be found in a wide variety of applications for oscillation, timing and pulse generation. But what if you need a timer IC for ultralong life, low-frequency battery-powered/portable applications where a low supply current is a requirement? Is the CMOS555 timer your best option?