UFC isn't what it used to be. Dana White has thrown rule after rule out in an effort to make the sport more mainstream. By doing so, the quality of the fights has gone down tremendously. That, coupled with the fact that most of the real talent never sees action, makes the UFC a MMA joke, imo. It seems that 80% of the cards are comprised of TUF fighters. Say what you will, but they have a lot to learn. I also think some of the fights are rigged. Several escape me at the moment, but I'm sure if you've been watching, you've noticed some odd knockouts and what not.
Pride is where its at, particularly the Bushido series. Check it out, then let me know how much you like the UFC.
And on a side note, anyone have the video of that UFC fighter beating Kimbo Slice?