I also agree that MD/PhD is a waste. However, if you are interested in doing research I recommend a PhD. For doing basic science in medical areas, a PhD will be a gateway to making a career in academia or government.
I'm a PhD student in Physiology, which is the study of human cellular and systems biology. This is a good area to be involved in if you want to do medical research, as doing the basic cellular or organ physiology research typically will have some bearing on, or useful results that can be translated into treatments for diseases involving those systems. For instance, I'm studying a membrane protein that a greater understanding in could lead a treatment for Cystic Fibrosis. And in a different project, I'm studying proteins involved in how bacteria colonize the mouth and cause tooth decay - this could lead to preventive medicine related to tooth decay.
MD-shmem-D
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