I only use standard (i.e. high output) MMs and MIs these days, 'cause these fit better to the arms on my tables - and make it easier to experiment with different needle configurations on the same body, which is something I enjoy, but only a few MCs would allow... Well, and as for the operating principle as such: To me that's like with turntable drive types, i.e. the type is much less important than the actual implementation.
Well, and as for MM vs. MI/IM (induced magnet): I wouldn't regard MIs/IMs as a smarter approach than MMs in general, unless the MI/IM principle is consequently used for lowering the inductance and thus making the design pretty uncritical in terms of load capacity.
Greetings from Munich!
Manfred / lini
P.S.: There are probably a lot more MI/IM design out there than people are aware of. E.g., I'd assume a lot of Ortofon OM owners to believe their carts to be MMs, but these actually are MIs, too.