I hand quilt, so hand binding is the only way for me. I love the look of it and I find this final step gives me some 'quite' time with my creation before it is done. I enjoy the process as I can sit in the family room with my husband while he watches TV and sew. All my other sewing is off by myself in the sewing room.
Sometime in the far future I will probably try my hand at machine quilting, but only for something very small, like a wall hanging. When I do that, I will likely do a machine binding.