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Demaestro - 4:47 pm on Sep 5, 2007 (gmt 0)
The only time it has varied was when a client wanted the logo as a rotating flash thingy that offered different things to click. Unless the logo is begging to be clicked with some animation or otherwise many users will simply not know to click it. It would be an interesting thing to track on a site.... have both a logo and a home link and see which people click more. In fact I am going to set up a test for my own curiosity. I will post the results in a couple days.
I ask myself the same question every time I put up a new site and I end up going with both every time.