Linked by Eugenia Loli on Sat 29th May 2004 15:39 UTC, submitted by t3rmin4t0r
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pnet is going to be easier to bootstrap than mono because of mono's compiler being written in c# itself. pnet will compile faster because it's written in c instead of c#. pnet also probably runs on more platforms as of now. pnet has a windows implemention of Windows Forms that could probably work on mono with some tweaking - I've never tried.
mono has more of the class libraries fleshed out than pnet and also has a fairly mature JIT.
It's a bit of a shame that there hasn't been more cooperation between the two groups, but hey, that's the way the ball bounces in the open source world.