My opinion is: MUST... HAVE... THAT-- oh, you get the idea!

Yeah, they both look awesome. I have to say I think I'm partial to the light green color of the Grand Prix, and the Brooks saddle. The chromed fork and stays on the Competition are cool but I don't think they go as well with white. It looks like the Competition is a little more agressive racing geometry? Any other differences between the frames? To be on the safe side, I would steal them both

You're right about those Grand Prix frames going cheap, very nice. I was sorely tempted to bid on that one you posted, except that I'm in some kind of self-inflicted bike-buying moratorium right now... I can't believe it went for only $105 shipped. I already have one high-quality lugged steel touring frame, but I would like to have a sportier steel bike as well. Where have you obtained yours from?