Wow, there are Magic players on Head-fi?
With the introduction of Mythic Rares and a huge rules change, not to mention a few bad decisions by Wizards, I have stopped following recent Magic advancements.
My playgroup is strictly Old Extended, Legacy, and Type 1/Vintage. It makes for a much useful and diverse format. It also means that your old cards hold their same value. Though I can understand newer players being drawn towards the newer formats.
My favorite color was, is, and will forever be blue. haha