Personally, for traditional quilts, I like the hand stitch on the back for but for kids quilts, or something really chic or country I can see this way:
Pat Sloan does it all by machine:
[url]http://patsloan.typepad.com/quiltershome/pat-sloan-machine-binding-tutorial.html[url/]
But, we refuse to believe that Quilt Police are anything more than other's imaginations - so do what YOU want!