I used the Sharon Schamber method on my last quilt
http://www.youtube.com/watch?v=a2hWQ5-ZccE and I ADORE this method. it takes a lot longer than it usually does (for me) and it's slightly messy, but I couldn't stop staring at the 'perfection' of the binding. I normally just cut a three inch binding strip and machine stitch the binding on. There's always a flap of extra binding, but on utility quilts, this doesn't bother me at all. I will still do this, as it's quick and painless (can bind a queen size in less than an hour... yes please), but for the 'important' quilts Sharon's method is the one I'll use.