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Jason LI like PSA for modern (post 1950) and primarily for the Set Registry. The competition is a fun aspect of collecting. ...But otherwise, I tend to think that their grading is maddeningly inconsistent.
I think SGC is far better in terms of grading consistency and service, and I think their holders are far more attractive, particularly for vintage cards, so I get all my pre-1950 stuff graded by them. I also made an exception and have gotten all of my relatives' cards graded by them as well.
I will buy PSA pre-war occasionally and crossover.
I think PSA's membership charge is a disgrace.
I think so highly of SGC that I am going to be crossing over a card soon that will likely grade lower. It is, for me, a rather pricey card, and I am going to be taking a financial hit on it, but it will be graded accurately, look better in a better quality holder, and since I have no plans to ever sell it, my financial hit will be on paper only (pun?)...
Also, if SGC is ever at a show near you, I would recommend going over and submitting some items in person. Michael Goldberg, their service mgr, if he has time will sit with you and help you out and explain some of the nuances. Highly recommended service.