Liquid meal replacement?

I am asking for suggestions as to which liquid meal replacement is a good one to use.

It can be either a powder needing water or milk on one that is already constituted.

I have heard many disparaging remarks about Slim Fast because of the sugar content.
I have tried the Atkins but it is expensive and does not taste very good.

I will appreciate any comments or suggestions as to what others use that they feel is both healthy and has a decent taste.

The most important factor must be that it is nutritious and not to high in calories. The taste as price are secondary importance.

TIA for any suggestions. BTW, I plan to use this generally once a day as a meal replacement. I am not fat but I do have a few pounds that need to come off.

Make your own,

None. Start an exercise program and eat right including lots of veg, fruit, whole grains, and legumes, enough meat/dairy and limited fat.

I am already doing that. I attend a Karate class 3 times a week and ride a bicycle from time to time.

My diet is pretty low in fat and I do use whole grains in bread and cereal.

I was just looking for suggestions for a good liquid meal replacement for those times that I am in a hurry and don't have time for any real preparation.

Generally it would be a breakfast on the go.

I don't mind mixing my own using skim milk but what would one put in it that limits fat and calories?