Nice art, but mostly lame writing. They've had exactly two good gags: "No-rage iz pawaa" and "Mosh Mosh Revolution." Otherwise, it's mostly lame self-aggrandizing fanboy crap.
Penny Arcade may be overly topical, but it's at least funny.
Everybody knows that <a href="http://www.iwasted15bucksonthisdomain.com" target="_blank">http://www.iwasted15bucksonthisdomain.com</a> is REALLY the best site on the internet.
I used to like Penny Arcade until I went to m3g4tokyo, t4lk 4a0u+ 0wn4g3 d00d!
Penny Arcade is funny most of the times but so is m3g4tokyo. And at least m3g4tokyo has a story with L337 characters. Sure 95% of it isn't color but it's a manga so who c4r35?