Quote - A good polygon reduction algorithm, well, that's the rub. I haven't encountered a good one yet. I've tried the ones in 3D Studio Max, and they make a real mess of the mesh.

The best one i'v seen is the one in XSI, eg this is V4 before and after running it (60k vs 15k polys)

A cheap standalone tool / script that comes close to this (or is better) it would be very interesting to a lot of people IMO.