The HTML code text
is very useful for creating links to specific sections of a page (e.g., page.html#some_bookma
Using id is not always ideal as they are unique, for example if you have a list of links as menu items and you want to perform some javascript on only certain ones of them when the user hovers over, using id's would be a mess.
Currently the best way I believe is using a class to identify them as a group.So something like this:
Menu Item one
Menu Item two
Menu Item three
Menu Item four
But I've just kept on using the name tag, its stupid to deprecate something this minor as it has no performance effect or anything else, just causes problems if browsers decide not to accept the name tag at one moment. It strays us away from using standards as well.