Megaupload is much better than Rapidshare 
*img141.imageshack.us/img141/1884/megauploadtg2.jpg
People worrying about spyware toolbar & download slots should just install
Firefox +
Megaupload Add-on *addons.mozilla.org/en-US/firefox/addon/3843
In India not many people have a 2-10Mbps connection but instead have 128-256Kbps "Broadband" connection.
Downloading 10-20mb small size files is okay but anything above 100Mb is a nightmare in Rapidshare.
Megaupload on the other hand has decent speed for free users, lower waiting time, easier to use captcha and most importantly the ability to resume downloads.
I am a free user and i can easily download files as large as 400-500mb files without the fear of disconnecting in the middle of the download and starting all over again.
Rapidshare is ONLY good for premium users ( lol even premium users have limits

) and NOT for free users.
From my pick
Paid+Free = Megaupload
Free = Mediafire , Mihd etc