I have, use and like both. Each has it's advantages in my amateur experience, the most noticeable to me are M390 or equiv. is definitely easier to sharpen and maintain the edge, and S90V definitely has better (working) edge holding.
I voted S90V. I don't mind taking the time to do the sharpening and I have a WE to do it with, SM to touch it up with, and I'm truly impressed how S90V just cuts 'n cuts 'n cuts...
I can't get it as sharp and as fine an edge as I can M390, so it easily push cuts A4 or slices a cheap paper towel.
I just can't get S90V to be that sharp. Despite that it will cut really well for a long time, in the context of my general use.
I haven't looked for dirty carpet to test edges on or anything like that. I just use my folders for common or garden variety EDC stuff at home and work, cutting open coffee sachets, parcels, 25kg sacks of rock salt, breaking down cardboard boxes, wrapping and plastic strapping, cable ties large and small, gardening jobs, whatever needs cutting. Whatever's in my pocket gets used every day.
It's hard to not vote M390 or equiv. Great edge holding, easy enough to sharpen and maintain, can get heinously sharp, excellent corrosion resistance. I can see why it gets more votes, awesome stuff, big fan myself.
FWIW I tend to include Elmax as a near equivalent to M390 in how I've found it to perform. Just my impression.
I have only few folders in each:
S90V - Military, 940-1, 484-1
M390 - Para2, Barrage 581 and 586, 0770CF
204P - Para2
Elmax - Para2, 0561, 0562