dubbed is easier to watch for me. i find the english voices to be better, at least on the anime that i've watched. if i could understand the japanese without the need for subtitles. whether with a dubbed voice or subtitles, something's always lost in the translation anyway, right?
I actually don't watch much anime anymore and would rather read manga, but when I do watch anime I don't usually watch subtitles if it's licensed and on DVD.
I like watching in both Japanese and English. Some English dubs are not so bad, like with Cowboy Bebop. But since I don't understand Japanese having things dubbed in English helps me.
Devious Comments
What's great is when the opening song is translated in the dub ^__^ That happened with Fruits Basket and it was nicely done!