I would say CRV is a lot better. I was crazy for RAV-4 but ended up buying CRV 08 after doing a few test drives on both. I personally like the new CRV design that came out with 07 models. The engine is much quieter than that of the RAV-4. The interior has more space and the materials used inside of the cabin is much better than what you find in RAV-4. However, the price of CRV is a bit more expensive in each trim compared to RAV4 and CRV don't have the V6 option and lacks 7 passenger occupancy option as well. But again resale value of Honda is always superior than that of Toyota. Besides these, both of them are very lovely cars.

Cheers...