>Actually there is a 3rd option, some people prefer cc-by...

There are a few more options. Dual licensing like MySQL with a free
share-a-like and commercial non-share-alike would also be an option. And
there are many more. 

The question is just what you want to achieve and then you should look into
the licensing options.

A short remark although this is the wrong place to discuss the topic: I am
pretty sure that a complete switch to PD would immediate lead to the fact
that some big companies would grab the OSM data, put a few hundred million
dollars into it, build some better tools and the majority of the
contributors would leave OSM to follow the new corporate driven project.

Regards,
Oliver


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