Having both LIVE and PSN, i'll go overall LIVE because it seems like MS is actually using the $50 for something NXE 1 vs 100 and some new things coming later but what hurts LIVE is MSP and no dedicated servers makes playing some games a bitch( lag ).
PSN has web browsing which is great when you need some rest after a long game session. Dedicated servers for first/second party titles (Uncharted 2 beta with no lag, even when I team up with some PR's). Plus you spend real money so you know if your getting ripped off or not. The bad thing is no cross voice chat (which probably when implemented if they wouldn't have wasted time and resources on that garbage HOME). and the lack of good PS Classic.
GamerTag/PSN ID JoshmyersBV (please add me I have 2 friends on Xbox Live)
