Chris,
  I have used both of them for years, but have been using Postgresql as
my preffered database for last couple of years.  It has held up under
heavy load and has been very stable.  The 8.1 and the comming 8.2
series have brought allot of performance enhancements as well.  My
primary issue with MySql is that there client libraries are GPL.  Which
means that your code must become GPLd if you distribute it at all.  I
argued with a representative of MySql over this issue, and there
perspective was that if the datbase was running on more than one
computer, they considered it to be a distributed app.  I this case I
specifically layed out that this was a wbe app and would only be
distributed internally.  They told me that I would need to A. GPL my
code, or B. Buy a licence from them, so I chose C. Use Postgresql.  I
think that there stance is a violation of the GPL, but would need to
consult the FSF about that.  If you decide to use Postgresql, I think
that you would be very satisfied with it.

--Nick


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