This article presents fMRI evidence bearing on dual-mechanism versus connectionist theories of inflectional morphology. Ten participants were scanned at 4 Tesla as they covertly generated the past tenses of real and nonce (nonword) verbs presented auditorily. Regular past tenses (e.g., walked, wugged) and irregular past tenses (e.g., took, slept) produced similar patterns of activation in the posterior temporal lobe in both hemispheres. In contrast, there was greater activation in left and right inferior frontal gyrus for regular past tenses than for irregular past tenses. Similar previous results have been taken as evidence for the dual-mechanism theory of the past tense (Pinker & Ullman, 2002). However, additional analyses indicated that irregulars that were phonologically similar to regulars (e.g., slept, fled, sold) produced the same level of activation as did regulars, and significantly more activation than did irregulars that were not phonologically similar to regulars (e.g., took, gave). Thus, activation patterns were predicted by phonological characteristics of the past tense rather than by the rule-governed versus exception distinction that is central to the dual-mechanism framework. The results are consistent with a constraint satisfaction model in which phonological, semantic, and other probabilistic constraints jointly determine the past tense, with different degrees of involvement for different verbs.