>subversion is still king in the corporate-engineering companies and it tends to work well in those types of setups.

For some values of "work". We're using SVN at my new job, with a single trunk branch. Not having the ability to commit locally, and mess around with local branches is a pain in the ass. I found a solution though. I cloned SVN repo using git-svn and now I can make local commits like a pro, and use my beloved magit (Emacs git interface).