I have never seen a real difference between the two. I think you have just as much chance at pulling a shooter out of either box. With a little work, they will both out shoot the shooter.
The ruger does have a better scope mounting system, CRF, and a much nicer stock and finish. Savages have always been hideously ugly (at least to a lot of people), and appear very cheaply made. They do perform fine however, so i guess it just depends on what you want to hunt and shoot with. They are both made in the U.S so thats a very big plus for me. I personally would look at Rugers, Remingtons, the new *Winchesters, and perhaps the kimber 84 if my wallet was flush. Dont overlook used rifles by the way if your looking to save money. You can often buy a used Remmy or Ruger for the price of a new Savage, and end up with a gun thats worth considerably more if you ever sell.
*I've yet to shoot one of the new Winchesters, but i did have the chance to handle one of the featherweights and it was very pretty, and nicely put together. The previous classic featherweights with the CRF where fine rifles, and i suspect the new ones will be as well.