Earl Miles and Young Hahn join Dave Burns, Jeff Eaton, and Jeff Robbins to discuss the similarities and differences between Drupal's Panels and Context modules. Earl is the creator of Panels. Young is the co-creator of Context as well as Features, Spaces, and several other great modules. We open up the cage, toss everyone in, and see what happens!
Also be sure to check out David Burns' article "Assembling Pages with Drupal," which also compares and contrasts Panels and Context.