I have Time atac's. I love the pedals because of their performance in mud.
The eggbeaters are apparently just as good. They are also significantly lighter. Depending on which models, you can save almost a pound of weight by going with the eggbeaters. Eggbeaters are also fully rebuildable, I'm not sure if the time's are.
I think my next pedals will be eggbeaters. But like I said, the time's are great.