.net remoting is built into .net to do inner process communication. If you use that, they will continue to support and possibly enhance it in future versions. Named pipes doesn't give you the promise of enhancements in future versions of .net
If you mean inter-process communication, I used .NET Remoting without any problem so far. If the two processes are on the same machine, the communication is quite fast.
Named Pipes are definitely more efficient, but they require the design of at least a basic application protocol, which might not be feasible. Remoting allows you to invoke remote methods with ease .
If it's on a single machine, Named Pipes gives you better performance and can be implemented with the remoting infrastructure as well as WCF. Or you can just directly use System.IO.Pipes.
The WCF and .NET Remoting are really comparable in performance. The differences are so small (measuring client latency) that it does not matter which one is a bit faster. WCF though has much better server throughput than .NET Remoting. If I would start completely new project I would chose the WCF. Anyway the WCF does much more than Remoting and for all those features I love it.
If you are using the .NET Framework 3.0 or above, I would use WCF. Using WCF, you can use different bindings depeneding on the trade-off between performance/interop/etc. that you need.
If performance isn't critical and you need interop with other Web Service technologies, you will want to use the WS-HTTP binding. For your case, you can use WCF with either a net-tcp binding, or a named-pipe binding. Either should work.
My personal take is that the WCF approach is more clean as you can do Contract-Driven services and focus on messages, not objects (I'm making a generalization here based on the default programming models of WCF/.NET Remoting). I don't like sending objects across the wire because a lot of semantic information gets lost or is not clear. When all you are doing is sending a message like you are with WCF, it becomes easier to separate your concerns between communication and the classes/infrastructure that a single node is composed of.
WCF also provides flexibility. By just changing some config (binding) you can have the same service on some other machine instead of IPC on same machine. Therefore your code remains flexible.