Sorry pal I only know the online version of w-m, but as far as it concerns my taste it's not too bad and pretty helpful.
www.m-w.com
For myself I got me a "Collins Cobuild" dictionary when taking ESL classes in Canada.
My teacher advised me to get one. She said it would be some kind of a reprint of the Oxford(??) dict - it's just cheaper.
Well anyhow, the Collins one works excellent for me. A lot of clear crisp explanations and it's all very untderstandable and complete (it also distinguishes pretty clearly between British English and American English and gives a lot of notes and advices in regards to that). There's also an edition of the Collins dictionary on the market with theasurus.