Pinned rims are very common; it's definitely cheaper in terms of production, and often, higher-end MTB rims will have a welded seam and they will tout that fact as a selling point. One example, and one of my favorite rims, is the Sun MTX33, which is welded as an aftermarket rim, but apparently, some oem-spec MTX33 rims are pinned, and these are sometimes sold by retailers as take-offs and you won't know it's pinned til you lay hands on it. FWIW, a lot of road rims are welded, too.... in fact, most Mavic rims are welded, for road, mtn, whatever...)
Like Chad said, the welded AL rims will tend to have a flat spot at the seam, but in my view, it's worth it.
I recall reading (in Dirt Rag, maybe?) that welded seams are stronger than the pinned&sleeved jawns, but that the eventual failure of the welded rim is more likely to be "catastrophic;" they didn't explain how, and i never looked into it. But i'm pretty curious.
All that being said, i'm a fat guy who has put in countless miles on pinned&sleeved rims without serious incident. For the most part, you want to get a quality rim from a reputable maker, and don't sweat the small details. (I tend to sweat details anyway; my preference for current-production rims are aluminum, eyeleted, and welded....)