Use medical tape rather than band aids - band-aids just don't stick in the hot sweaty environment of a running shoe.
Some people swear by moleskin, but personally, I want to get the flatest profile possible, so I stick with just taping over blisters.
As for popping them, I disagree a bit with the advice above.
If you can avoid it, it is best to not pop them, as popping them does slightly increase the risk of infection. But if you have to walk/run on them, then it is far more comfortable if you do drain them. But make sure you treat the area thoroughly with anti-septic.
M@L (regular hiker and backpacker)
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.
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