I'm buying an Elantra on Friday. We actually picked it out last month when the "Cash for Clunkers" was being set up. It's got awesome reviews, and little extras like an USB port for my IPOD.
We looked at the Accent, but it's way too small for me. If I was a bit younger, though, I'd get the Accent. I'm too old to ride for long in a small car, and even though the Elantra was small, it had better support in the seats and more leg room. The Accent gets even better gas mileage than the Elantra, and it's a cute little car.
We're finally getting rid of our 1990 Suburban that I took everywhere when I was raising my kids. My 17 year old is driving the Suburban today.
With the CARS bill, and the $3500 rebate from Hyundai ($2000 rebate and a $1200 fleet discount and internet discount), we are paying about $9500 for the Elantra. Much less than a Toyota Corolla with similar options. In fact, the Elantra is a nicer than the Corolla, with a few more options.