cunnilinux himself wrote:
Ext3 or JFS
    
quite a strange question, imnsho :)
i'd rather ask about ext4 vs xfs

i would not recommend ext3 — too slow

xfs is fast & reliable, but at least it does not have any tools to
deal with bad blocks if they appear.

so the answer is ext4.

  
Ext4 came out well in a benchtest at Phoronix http://is.gd/39sXS