I've used the PB Freddy HC and the SKS P-series fenders, and I like them both for different reasons.

The PB Freddy HC were a softer plastic that made them less likely to get damaged if you leaned your bike wrong or bumped them putting it onto a rack (ask KT about that with his SKS fenders).

The SKS P-series are more stable in their mounting, but they are a more brittle plastic than the PB Freddies. I've been running P-45 fenders without issue for almost 800 miles now, and that's mixed snow/rain and very rough roads and some group rides where bike lay-downs at rest stops were common.

On both the PB and the SKS fenders, I put full after-market mudflaps. I used a piece of stairtread and some zipties on the PB fenders, and I bought some flexi-rubber flaps with my LBS' logo in reflective tape for the SKS fenders.

If you really want to go the classy route, then there's Honjo (aluminum) and Berthoud (stainless) fenders. They're heavier, and a pain in the behind to mount, but they look awesome and they're not going anywhere once you have them on.
Berthoud also makes a carbon fiber fender; it's ultralight, minimalist, and costs $230!

The last option is a removable style like the SKS Raceblade. Lighter, easy to remove on nice days when you don't want them there, but you do that at the sacrifice of full coverage.