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WeaselyOne - 8:08 pm on Sep 13, 2007 (gmt 0)
If you're a one person outfit focus on the one that you do best and outsource the other. If you have multiple people to work on the site do both with a vengence.
If done properly either can be king. I can find great content at the top of the serps with few links and I can find real junk content at the top of the serps on the merit of linking.