If the original poster hasn't run screaming off into the night, I'd suggest he pick up the latest edition and run with it. Pick up the core three books, a DDI subscription and you've got everything you'll need to play this edition available to you.
Now that advice is coming from someone who started with OD&D, and I give it because the latest edition of the game is always going to be the one you're most likely to find players, products, and help when you need them.
Which is better? That's a pretty subjective question, but I'd say the best game is the one you can most easily find people who want to play, and can get the books at your local bookstore or FLGS.
So you can copy and paste this same message when 5E, 6E and so on come out, since they'll be what the majority of gamers will be playing, and so you'll have a ready made support system.
--Steve