We present a new analysis of $alpha_s$ from hadronic $tau$ decays based on the recently revised ALEPH data. The analysis is based on a strategy which we previously applied to the OPAL data. We critically compare our strategy to the one traditionally used and comment on the main differences. Our analysis yields the values $alpha_s(m_tau^2)=0.296pm 0.010$ using fixed-order perturbation theory, and $alpha_s(m_tau^2)=0.310pm 0.014$ using contour-improved perturbation theory. Averaging these values with our previously obtained values from the OPAL data, we find $alpha_s(m_tau^2)=0.303pm 0.009$, respectively, $alpha_s(m_tau^2)=0.319pm 0.012$, as the most reliable results for $alpha_s$ from $tau$ decays currently available.
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