my shop, it sees the most use and is the most versatile (sp?). Just don't skimp on the price - get the best saw you can afford - you won't regret it.
I'll toss in my opinion by agreeing with the "don't skimp"... As far as which to purchase, that depends - if you can't afford a good-quality table saw right now, there is a lot you can do with a handheld circular saw (or small bandsaw) and a router table. That's where I am right now. If you only have a couple hundred dollars, for instance, it seems like it would make sense to save money until you can get a nice, solid, accurate TS rather than one that you'll want to replace soon. That couple hundred dollars could go towards a very nice router and stuff to build your own router table, or a cheap TS. Of course, if money is no object, get both. Andy