Sometimes I miss a good resource the first time around. I just discovered a very nice comparison of several web conferencing vendors. It was conducted by Network Computing and posted to the web on April 7. You can read the article on several pages online or download a PDF version of the whole thing.
They went at the comparison with the needs of educational meetings foremost in their minds. I might argue some details from my experience, but I acknowledge that from meeting to meeting and release to release you can get quite different impressions of these software packages.
It's definitely worth a read, especially if you need web conferencing for applications within a university setting.