.
I'm running a mix, I've got one front flasher (Cateye Reflex) that isn't too powerful, I think just strong enough to get attention, while not being blinding. I'm running my helmet light and my handlebar mounted flashlight on steady these days. I think flashing is overkill for either of them, especially the flashlight.
For the rear, I run my fender tail light on solid, my Mars 4.0 attached to my saddlebag on flashing and my rear helmet light (PB 3-H) blinking.
I hope a combination gives drivers a way to triangulate, without blinding them, while still getting their attention. Who knows though. *shrugs* The Mars might be a little bright now that I have a different commute through the city and I'm usually not competing with outrageous animated billboards or other very bright areas. Then again, it always seems to end up a little mis-aligned the way I've been attaching it to my bag, so it usually isn't facing drivers directly.