"Captain's in the chart room
Navigating on a star
Can't tell where we're goin'
Cuz he don't know where we are..."
-Joe Walsh, The James Gang/Eagles
I always bring a GPS. If there is an emergency, med-evac type situation for me or my hunting partner, I want to be able to call in the exact co-ordinates NOW not rely on my woodsmanship skills to build a stretcher etc. That being said I have taken "Compass and Survival Training" though realistically most need to practice their skills and most don't so they don't really have them when they need them.
I use a Brunton 54LU compass. This baseplate map compass features in-vial sighting, which gives you an instantaneous reciprocal bearing. (Best of both worlds-lensatic/baseplate). Very useful when you are crossing a wide open field, get a little "confused" and want to find your entry point to reorient. Extremely accurate, the 54U has a +/- 1/2 degree accuracy. I have two but only because I cracked one. I also have one on my key chain and a bubble compass. Hell, I have a GPS in my truck!