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They are completely different technologies (I cannot explain the physical differences very well, but I'm sure other people here can) - thus it is difficult to say one is better than the other. Current DDR has lower latencies than current RDRAM. That means that the very first chunk of data is slightly faster with DDR (but all the rest of the data is unaffected). Current RDRAM has a larger bandwidth than current DDR. Thus RDRAM sends more information in a given amount of time than DDR does. They each have an advantage and a disadvantage.
One good comparison is to look at the new P4 motherboards. Most reviews show that a P4 runs about 3% faster using RDRAM than when it uses DDR. This is such a small difference that you will not be able to notice it.
DDR currently can overclock better than RDRAM, but this will change when the new PC1066 RDRAM comes out. So if you want to overclock, I'd go with DDR.
DDR is often a little cheaper than RDRAM, but the price difference is too small for most people to worry about. In fact, Dell often sells its P4 computer with RDRAM for $1 less than the DDR version.