Thankyou for all that info and help everyone!

I have a couple of new questions now.

1.
Do any of you know if milkshape can export directly for med?
Or does it also have issues with skin/animation like truespace?
2.
Between milkshape and wings which do you guys prefer, and why?
P.S.: The new version of blender looks great, cant wait for that new UI. to answer question one it can, but with issues and no .fbx that i can remember!
to answer question two i prefer wings3d because its free and is simple to use and understand no hot keys to remeber unless you want too. nothing like click and create haha

now if they had animation that would be awesome. they have .fbx export which works i have tested it. But only for static models. Thats why i want conitec to buy it even though its opensource. Open source always has it is price to sell haha

as for your last comment if by some miracle in august the blender 2.50 gui release is a success then blend me some models baby!!!
For me the main tools to stick to for modeling are WINGS3D for speed modeling etc. TrueSpace for overall modeling pity no true export except collada and maybe fbx when ready. Then Blender for overall modeling etc....file export i hear is good but that GUI IS UGLY I will WAIT till august if she became a true GUI STICKY SEXSUAL MODELER to Play with!!!!