Dr. Wallace took some time to write a summary on these translations. He was a major contributor to the NET bible, but I think that he was fair and objective in this article. You be the judge.
An alternative to either of these is the NET Bible. One of the chief goals of the NET Bible has been to combine the three historic objectives of English Bible translation: accuracy, readability, and elegance.
I own the both the First Edition and the Reader’s Edition. But I have failed to warm up to it as a my reading bible. I think it is fine translation and what they have accomplished should be highly commended, and others should follow in their example. Anyhow, here is the link NET, NIV, ESV: A Brief Historical Comparison