There is a lot more to the strength of a joint than just what is used, ie biscuit, dowel or M&T. You have the actual type of wood or material, the application which will determine the type of forces the joint needs to withstand as a chair will be very different to a kitchen unit, so all methods will have their place somewhere and in my opinion biscuits are for alignment, the glue does the rest. When you fit a biscuit you are introducing a weak spot as you remove material from the workpiece, the question is does the biscuit compensate.