Elliot, the situation in the two research communities is very different. LQG is just beginning to hit its stride. First Loops conference was 2005. There has been an increase in the number of faculty positions, LQG-related research has been springing up in new places. Still a small community by comparison with string, but the research output is growing: 40 papers in 2005 up to 140 in 2009, by my Spires search.
https://www.physicsforums.com/showthread.php?p=2708501#post2708501
Here's Francesca's world map of LQG, it lists permanent faculty at various locations.
http://maps.google.com/maps/ms?ie=U...985216139270436.0004843830d27f3e6c50e&t=h&z=0
By contrast the first String conference was back around 1990. String output has been level or declining recently, again by database search. The number of citations to string papers has dropped, according to Spires topcite data. The trend recently has been for researchers to stop trying to achieve unification and to find
other applications of string math. You can see this by comparing the programs of the annual string conferences.
We have been hearing of disillusionment in string community over the past two years.
A number of prominent people have gotten out, or retain only part-time involvement.
The mood of rank and file is reflected in this recent anonymous blog comment:
==quote==
Anonymous says:
May 19, 2010 at 5:36 am
In my opinion it may be true that most string theorist are already disillusioned about the prospect of unification, as claimed by Trent and Jones. Hardly any string theory professors I met are fanatic about string theory. One of them teaching a course on string theory openly makes it very clear to students that string theory may have nothing to do with unification, but still it is worth studying for various other reasons. The PhD students doing string theory, as far as I can tell, don’t have much faith in string unification either, although when asked about what they are doing by some non-physicist, they always answer they are trying to unify nature’s forces.:-) Actually they choose this route simply because they want to get into formal particle theory, and given the current environment it does seem to be a natural choice for someone whose interest lies in this area.
==endquote==
So how to respond to your question? First off, they are not two theories that have been written down, they are two
research programs. LQG has changed radically since 2006 and has entered a phase of rapid growth. The emphasis is increasingly on spin foam models,
inclusion of matter and the area of quantum cosmology. The overall LQG program goal as stated by Rovelli in his talk at the Strings 2008 conference is to discover how to formulate QFT without any preselected background spacetime geometry. This is one strategy to unify physics---unite General Relativity (which is backgroundless) with Quantum Field Theory (which so far has been only backgrounded).
Some of the major players in the field are: Rovelli, Thiemann, Barrett, Freidel, Krasnov, and their younger co-workers. If you look at their output you will see that these people (and their collaborators) are publishing unusually rapidly these days. There is currently a lot of enthusiasm and innovation.
If you want to make a comparison, try this: Pick 5 names of string leaders and look up on arxiv to see what they have published say since 2006.