Hands down Popular Woodworking (intentional pun there;-). ChrisS has done a terrific job at turning the magazine around, and has excellent staff to work with as well. Top notch and certainly my favorite magazine. I prefer the slant towards using both hand and power tools, with an emphasis on hand tool techniques. For me these are the most thought out articles in the industry at this time. They also tend to favor some of the styles I admire most, like Greene & Greene, A&C, Shaker, Mission, and other traditional styles. The emphasis on doing work in a traditional manor with hand tools appeals to me.
I still find Fine Woodworking to have interesting articles, but let my subscription expire and didn't renew it...I'm not as keen on the direction, or so many diverse directions the magazine takes, which is also one of it's virtues. FWW is able to provide content for a very diverse set of readers which I think is it's real strength.