A H1 tag is still the recommended way by W3 to headline a page:
http://www.w3.org/QA/Tips/Use_h1_for_Title
http://www.w3.org/QA/Tips/headings
http://www.w3.org/TR/REC-html40/struct/global.html#h-7.5.5
I still find that by following W3 recommendations it makes a good step in creating a well optimised page. Obviously you aren't going to rank by having a H1 tag alone, but it will always never harm the page to have a well crafted one. One thing I do recommend is having a different H1 tag to the Page Title.