Who’d win?
My money’s on Steed. Anyone who gets to hang out with Emma Peel is automatically a winner in my book.
My money is on Steed too. He’s unflappable in a crisis. Bond is a hot-head in comparison, and I think Steed would use that, plus some umbrella-fu, to lead to Bond’s undoing.
That depends on which* incarnation of James Bond.
Sean Connery as Bond is every bit as unflappable as Steed, so I’d take Bond in a minute.
All other portrayals, I agree with Idlewind.
Does On Her Majesty’s Secret Service count? 
Dude, Bond married Emma Peel. Steed’s just hanging around hoping to get some.
The lovely Dame Diana Rigg aside, I think it depends on which incarnation of Bond we’re talking about. Roger Moore would just sit there trading tired witticisms with Steed, and Brosnan would keep preening in whatever reflective surface he could find while Steed sneeks up on him with some crazy cane moves. Connery or Lazenby, however, would just go in for a direct attack, and Dalton would grab the nearest woman to use as a human shield. (He didn’t seem to know what else to do with them.) Daniel Craig would just pull out a Walther P99 and shoot him twice in the head when Steed is pauses for breath for his next clever entendre.
Steed wouldn’t even see Jason Bourne coming.
Apropos of nothing, I so want to see Diana Rigg’s daughter (the equally lovely and talented Rachael Stirling) as Craig’s love interest as a nod back to On Her Majesty’s Secret Service.
Stranger
If it is the Bond from the books, Steed doesn’t stand a chance.
I say!
Look here, chaps.
Don’t you know that they both work for Her Majesty? :smack:
Of course they’re not going to fight.
N.B. They both have excellent taste in women…
Solid Snake beats them both.
In *View to Kill, * an older Steed (okay, “Sir Godfrey Tibbett”) gets discovered and strangled in the Rolls Royce and James of course wins the day against one of the more interesting Villains Max Zorin played by Christopher Walken.
Then in the awful Avengers movie from 1998, Patrick Macnee assists Steed in destroying the ultimate James Bond as Sean Connery plays Sir August de Wynter. 
Bond had the superior combat skills and was more a man of action. Steed was more intelligent but relied on someone Bond would have seduced to do most of the action. I would bet on Bond of course. However, we know they would be working together and it was all a trick to confuse the villain.
Jim
What are you talking about? No such movie exists. None. Didn’t happen.
Oops, sorry, too much LDS in the Sixties or something. What was I thinking of. No director would or could waste that much talent.
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Batman (if he’s prepared)
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Connery Bond
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Steed
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All other Bonds
So, were you in the Mormon church in the sixties or was it just the elders knocking on your door all the time that did you in?
You have it reversed, my friend.
Some imposter named Lazy Eye or something married the lovely Diana, but she was shot on their wedding day.
Whilst Steed and Mrs. Peel were spending ten to twelve hours a day in bed together, judging by those carnal looks they kept trading.
There was no Avengers movie, ever. I really wanted Kenneth Branagh and Emma Thompson to do one back when they were young and still married. They’re the only couple I can imagine in the roles aside from the originals.
According to Steed’s biography they were contemporaries at Eton, and disliked each other from the start.
A long time since I read it, IIRC they got into a fight and Steed won. They work as adults for different departments. They encounter each other occasionally, without coming to blows, but with still a mutual dislike.
Wait, is this going to be a drinking game? It might be a tight result.
How ironic.
Were they stuck in traffic?
Star Trek IV: The Voyage Home reference.
Kirk refering to Spock: "Oh, him? He’s harmless. Part of the free speech movement at Berkeley in the sixties. I think he did a little too much LDS. "
Jim
Oh thank God. Then it was just a bad dream I had. I was so afraid that the film was made. It takes such a load off my mind.
You’d look strange too if you snorted Mormons.