Utterz vs Seesmic: Two Services with the Same Goal ?

Of course I have been hearing a lot about Seesmic lately, as many of us have. I finally received an invite code for Seesmic in my email the other day and finally got around to checking it out.  It seems very easy and intuitive, although I must say I need to do a bit more exploring to really get what it is all about.
That being said, I also logged back into Utterz for the first time in a bit and was pleasantly surprised to see video Utterz being posted.  A quick look over the the Utterz blog and I saw a post from Jan 23rd announcing the video capability.

So this got me to thinking a bit, is Utterz like Seesmic, or vice versa, and if not what is the difference?  It seems to me that both are vying for the “social” video microblogging thing, would you agree ? Seesmic seems very conversational from what I can see so far whereas Utterz seems a bit more of video blogging.  While it is true Utterz has channels and also a Topic of the Day where people respond to, I am not sure it seems to be built around a conversation as Seesmic is.

As is stands now, I think Utterz is a bit more mature, I understand Seesmic is in Alpha mode, but it is has been much easier for me to find friends and search for people on Utterz.  I watched this post on Geoff Livingston’s blog tonight where he used and commented on Seesmic and how he has been impressed on how Seesmic has grasped the development of communities through the use of video.  Utterz does have “My Circle” where you can see who you are following and who is following you.  The more I look into this, the more I am starting to see pretty deep similarities.

I am really curious to see how this all develops and plays out.  How about all of you, whats your take on this?