Pretty much everyone wants to use texture shadows in their real-time scenes these days; since they are calculated entirely on the GPU they scale well with modern chipsets, they are capable of shadowing alpha-rejected materials correctly (both as casters and receivers), they can be extended relatively simply to have soft edges, a variable penumbra and opacity with distance, and all kinds of other nice features. Depth-shadowmapping is the approach whereby you render the light-space depth (or some derivative thereof) of the shadow caster into a (typically floating point) shadow texture, then when rendering the main scene perform comparisons of the light-space depth of the pixel being rendered versus what is stored in that shadow texture.
We’re on the final home straight for Ogre 1.6 (aka Shoggoth), which should hit RC1 next week. One of the final features I wanted to squeeze in was support for Parallel-split Shadow Maps (PSSM), which uses multiple shadow maps per light in a hierarchical fashion to improve the quality while keeping the size down, particularly in outdoor scenes using global directional light. If you’ve played Assassin’s Creed, you will have seen this technique in action already.