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I never used live since I don't feel like paying $50 per year for a service I wouldn't use enough to warrant a purchase. From what I've played on PSN it seems good enough if you just want to play some games online, though I'd expect Live runs most games better on the whole. It's most likely worth it to people to are heavy into online gaming, but all I really do is maybe a few hours a week or so on a fighting game, and outside of KoF XII (which has horrible netcode on both Live & PSN), I really haven't experienced anything that would make me think purchasing Live would be worthwhile for me.

Pokemon is better than both, though. The game, not its online interface.