Cycles. I really prefer the ability to customize more with the nodes in Cycles. Still really new with the program but from what I've read Blender is good for non-photorealistic things while Cycles will provide more realistic effects so much better at real lighting, reflections, etc.
The handle looks good, the lighting on the blade part is very off, its too matte, not shiny enough for a sword blade. Also the form of the blade is wierd, but yeah other than that, not bad