What Tom (correctly) describes is an ND filter, which is a solid filter that doesn't really do anything except reduce the amount of light coming into the lens. They're mainly used when you have too much light for a given shutterspeed/aperture combination and you don't want to change either one (for instance, if you want to shoot an outdoor portrait with a wide aperture to blur the background, but you also need to keep your shutterspeed below 1/250 in order to use fill-flash). Another reason might be to achieve a long shutter speed for shooting moving water.
What Debbi describes is a graduated ND filter, which is similar but serves a slightly different purpose. Grad filters are clear at one end and transition to darker at the other end (the transition can be either "hard" or "soft", and the amount of filtration at the dark end can also vary). I'm guessing the magazine article was talking about graduated ND's, as they've traditionally been very popular with landscape photographers, particularly when shooting film.
What a grad filter allows a landcape shooter to do is properly expose for the foreground of a scene without over-exposing the sky. As long as you don't have an irregularly shaped horizon and there's somewhere to "hide" the transition, this can work very well. But if you have trees, buildings, or mountain peaks sticking up into the sky, they'll get darkened along with the sky which can look unnatural.
I personally don't see any reason to use grad filters when shooting digital, because you can take multiple bracketed exposures and combine them later to achieve the same effect, only with far greater control over the final result. This approach does require a sturdy tripod, but you should be using one of those for landscape shots anyway.

Some people still prefer using grad filters with digital, but I think in a lot of cases it's because that's how they did it with film and that's what they're comfortable with.
As for the difference between a polarizer and a grad filter, both can darken a blue sky, although the effect with a polarizer will depend on the angle of the sun. The polarizer won't affect skies on cloudy overcast days though. A polarizer has some other benefits that make it unique:
- As opposed to just darkening the entire sky, it will actually increase the contrast between the sky and clouds (great for those days when there are a few puffy clouds in the sky).
- The polarizer can increase the saturation of foliage by cutting glare/reflection.
- The polarizer allows you to control reflections on other surfaces including water or glass.
- It can double as a solid ND filter, since it cuts roughtly two stops of light from your exposure.
I shoot the vast majority of my outdoor shots using a polarizer, although it's not always rotated for maximum effect. IMHO a polarizer is the second most useful accessory and landscape photographer can buy (the first being a tripod).
As for your specific questions:
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1. Any truth to the ND > CP claim?
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IMHO, no.
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2. I shoot heavy metal in varying light and always outdoors. (Shooting a 747 in-flight is a real trick indoors) What would serve me better?
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Neither will help you with reflections off metallic surfaces. A polarizer would be be more useful in your case because it can darken blue skies without also darkening the plane, and it can also cut glare coming off the windows.