Dmoz listings have a percieved quality about them. If you do manage to get a listing in dmoz, it means your site meets a certain standard in the opinion of the dmoz editor.
Yahoo also have some standards in the submission process, but to a lesser extent than dmoz. Also you need to pay $299 for a listing.
Both DMOZ and Yahoo! directories serve a distinct purpose for webmasters in search engine query placement & PR, both directories do have their own distinct problems. The listing from both the directories is equally important and valuable so the choice is yours, if you can afford to pay $299 go for Yahoo, if you have a lot of patience then submit to DMOZ.
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