"Many patients have the perception that an MRI is a better test for diagnosing knee problems. That is not true.
Many knee problems are better diagnosed by x-ray, and obtaining an x-ray as the first step is the usual course in diagnosing a knee condition. Knee x-rays give much more useful information about knee alignment, bone quality, and the extent of any degenerative (arthritic) changes within the knee.
An MRI is a useful test as well, but doing an MRI alone won't allow a doctor to get a complete understanding of most knee problems."
That's what it says here...
http://orthopedics.about.com/od/kneesymptoms/a/xray.htm
That seems reasonable - to see the extent of any underlying arthritis for example