ATi's pic looks better.
1. In the R300's pic, the gun is displayed against a light backgraound, thus you perceive the jaggies on top more easily. But it looks to me as if the R300 and NV30 are about equal there.
2. The R300 shows less jaggies on the building's far-left roof/overhang, and on the walkway's edge on the left side of the shot (under the overhang).
3. The pipes are obviously very dramatic examples, and not very good ones, as NV30's lack of fog will no doubt be fixed in later drivers. As I said regarding the gun, dark jaggies stand out more against a light background.
4. The overhang in front supported by those four angular "columns" is odd: the underside looks smoother in the NV30 screenie, but the top looks the same in both.
5. The NV30 does a better job with the forward edges of the columns, particularly visible with the far right column.
I do believe you can objectively determine which AA method is better, but I imagine in motion, once you reach a certain level, you'll be hard-pressed to spot differences (particularly in FPS's).
I look forward to 8x AA in R350.