Today I racked an APA to the keg. I took a chunk of tubing, cleaned it, sanitized it and my hands, drained it. Then dunked the whole coil in the top of the beer, plugged one end with a thumb, put that end in the keg and let er rip.
Cons: might freak out those with OCD. Tubing is slightly less easy to direct than a racking cane.
Pros: whole system is one piece, cost is $1.30, easier to clean, and the big one... no bubbling!