220
Chalk me up as one who doesn't understand why 220 is not only on its death bed, but why it is not wildly more popular than 120. Carrying half as many rolls, changing them half as often, and, perhaps most importantly, having to do half as many processing runs are a HUGE deal in almost any situation I have been in (or that I can imagine).
The only, and I mean ONLY, time I would really favor 120, other than for use in cameras that don't accept 220 film, is if I was using many different films for a shoot/trip and I had one camera or one film back, and/or if I was not shooting a lot (i.e. under 8, 10, or 12 shots in a day). If it is a planned "shoot," I usually have one type of film that I have decided on, so this does not apply. I do often use cameras that do not take exchangeable magazines (Mamiya C system and M645 system, for instance), so when I do favor the use of 120, it is usually in these...however, I have multiple bodies for this reason. If I am shooting so little that I would not finish a 220 roll, then I will also use 120...but more likely large format.