Real Simple featured a question recently about cutting boards. Is it safe cut meat on wooden cutting boards?
While some may assume it is not ok since the raw meat juice could get stuck in the crevices a knife makes into the wood, Real Simple experts suggest otherwise. Carl Winter (a food toxicologist and holds a PhD at UC Davids) says that it is ok if the cleaning up is done just right.
Use hot water - the hotter the better - along with soap to wash the board throughly. Make sure to dry the board with a paper towel. If you leave it out to dry, bacteria can quickly grow.
Personally, I like the idea of using color coordinated jelly boards (available at Crate and Barrell $9.95). You've got your "meat" board separate from your other cutting boards. Although my sister has one of those 8x8 slabs of granite as a cutting board right by her sink. I like that idea too.
Ooh and I like this tip from Real Simple too. If the jelly boards frustrate you because they slide around on a wet counter while you're chopping your basil, put a dish towel underneath and you have an instant non-skid cutting board (for cheap).