Theres lots of talk on various manufacturers, and I'm amazed that no-one has mentioned Macpac. I've been using a Macpac Neve for about 12 years now. Its 4 season, down filled, so perhaps the Pinnacle (3 season) would be more suitable for most folk. The trick with both these bags is that there is no insulation on the bottom half of the bag, just a pocket to slide your termarest or mat into. This means that the pack size and weight are very small for the bags rating. Most people that I know have replaced their hollowfill (or equivalent) bags at least once in the lifetime of my Macpac, and so far I haven't noticed any deterioration in performance.
If I could only have one sleeping bag for all soutdoor sports and all seasons, this would be my choice every time.