I've had good success with SKS fenders and I'll be trying out some Planet Bike Cascadia fenders when my LBS gets them in - they've rec'd good reviews.
I've got the cascadia fenders, and i cannot find a complaint about them. The extra long mudflaps keep the water from praying onto my shoes. I found them online for the same price as the freddy hardcore fenders, so it was a deal i guess. The silver color is a bit more retro than the black, and i like that. Some of those beautiful handmade wood fenders would be awesome, but i have not been able to convince myself to spend that kind of cash.