  We present a new analysis of $\alpha_s$ from hadronic $\tau$ decays based on
the recently revised ALEPH data. The analysis is based on a strategy which we
previously applied to the OPAL data. We critically compare our strategy to the
one traditionally used and comment on the main differences. Our analysis yields
the values $\alpha_s(m_\tau^2)=0.296\pm 0.010$ using fixed-order perturbation
theory, and $\alpha_s(m_\tau^2)=0.310\pm 0.014$ using contour-improved
perturbation theory. Averaging these values with our previously obtained values
from the OPAL data, we find $\alpha_s(m_\tau^2)=0.303\pm 0.009$, respectively,
$\alpha_s(m_\tau^2)=0.319\pm 0.012$, as the most reliable results for
$\alpha_s$ from $\tau$ decays currently available.
