To Peat, or Not To Peat

I have noticed as of late that there is a debate ensuing on whether Peat Moss is earth friendly or not. 

• The Anti-Peat-Ites are promoting the use of coir in place of peat and say that the peat is a non-renewable resource. 
• The Pro-Peats are saying that it is a renewable resource and is just fine.

I think coir is a great product - but unless you live in an area with a lot of coconut trees you are going to have to ship the coir over hundreds or even thousands of miles.  (In my case almost 3000 miles - as the crow flies)  So, that is not the most earth friendly alternative.  (It is also a very expensive)

So, I am wondering if there is a better alternative...

I would love to hear from any / all of you on your feelings on the subject.  Also, any of you who make hypertufa - what are your thoughts?  Have you been able to find anything else that will work?

Get your hands dirty!