InnoDB vs MyISAM

Most people who use MySQL know that MyISAM and InnoDB are the two most-common database engines available with the popular open-source database provider. I would bet that most of those people don't even take the time to select a storage-engine and just accept the database default. Those of you who are left probably heard from a friend who saw something online that said one of the two is better than the other. Those of you who are left will still probably learn a thing or two here.