I like both, and seem to really alternate which one I favor at a given time. Right now, I am kind of in a pipe phase. For me, a cigar is more deliberate, with a slower puffing cadence. Because they suffer in terms of taste from relights, when I sit down to smoke a cigar, I expect to finish it, so I am usually looking for a good 60-90 minutes. A pipe can be shorter, or longer, depending on the pipe and blend, and if you have anything else going on, but I find it far more tolerable to do other things while smoking a pipe. Smoke production is generally much higher with cigars, so I prefer to smoke them with some decent ventilation going on. I find cigars to be a bit more social, and pipe smoking more solitary, though that might just be me. As a rule, cigars are way more expensive than pipe tobacco. A single cigar can easily cost as much as an entire tin of tobacco or even more, though the major expense with pipe smoking is the pipes themselves. It is probably easier to be a pipe smoker on a budget. I'm glad I don't have to choose one over the other.