I can't afford the expensive filtration systems, plus they're bulky to carry around and require the purchase of replacement filters.
I avoid iodine pills because they turn everything a reddish brown color.
I prefer to use the purification tablets such as MicroPur. There are several brands available and most camping/sporting goods stores have them for sale.
From the REI.com website:
http://www.rei.com/product/695229Purifying water couldn't be easier, simply drop a Micropur tablet into a quart of water; drink with confidence and no chemical aftertaste. Features the same proven technology used in municipal water supplies; effective against viruses, bacteria, Giardia and Cryptosporidium
Destroys viruses and bacteria in 15 minutes, Giardia in 30-minutes and Cryptosporidia in 4-hours Meets the US EPA purification guidelines; active ingredient is chlorine dioxide
Each tablet is individually wrapped and sealed While a 4-hour wait time may be inconvenient, alternative disinfectants do not claim to destroy Cryptosporidium.
They're pretty cheap too at around $12 for 30 tablets. I also like to use my colapsable nalgene bottle with these tablets to purify water while I'm using my regular nalgene for my drinking water. That way I always have a source of safe water.