I can honestly say that I have never seen subqueries used as such, these queries have always been of the inner join variety. And judging by the discussion from months ago, this will be something I remember in the future.
Anyways, I have seen a variation of the "standard" inner join
SELECT EmployeeID, Salary, RActive, ManagerName
FROM Employees
INNER JOIN Managers
ON Manangers.ManagersID = Employees.ManagerID
WHERE Employees.ManagerID = 3
In which the WHERE is eliminated and is replaced with using an AND on the JOIN portion
SELECT EmployeeID, Salary, RActive, ManagerName
FROM Employees
INNER JOIN Managers
ON Manangers.ManagersID = Employees.ManagerID
AND Managers.ManagerID = 3
On larger datasets I have seen better performance with the second version, but on smaller I see no performance advantage.
I did do a test on a Products:Categories relationship on one of the DBs I have mounted, where there most populated category had about 50 items. I used the subset and the 2 variations of the join on both an '08 box and a 2K instance.
The results were fairly equal, with the subset at 34% and the joins at 33% apiece. This was consistent between both server instances