I've always used the french bias binding method using 2" bias cut fabric - folding the bias strip in half, machine sewing the binding to the front, turning & hand stitching to the back. But then I'm a hand quilter also. I just got this link today - after seeing one of our charity quilts w/this method used on Tuesday. Looks really good, plus it's all machine done.
Here's a link to the faux corded binding tutorial
http://tlcstitches.blogspot.com/2010...-tutorial.html