I have been working with Topcon 3D MC since 2005. We have it on 3 graders and two D6R dozers. I was fairly pleased with Topcon until last year we picked up a county road project and decided it was time to give Trimble a shot.
As far as road grading is concerned, Trimble out performs Topcon hands down. The software alone is where Trimble has the advantage. I've been painstakingly building 3D alignments with 3D Office for our Topcon systems over the past few years. After being introduced to Terramodel and Site Vision Office I have seen the light. I am able to build highly accurate road models in a fraction of the time and I can also build ONE model for an entire project and never have to worry about different layer depths. Trimble allows the operator to perform a "layered" lift or offset, where only the road prism is affected, the ditches, slopes, and catches remain the same, allowing the operator to grade the entire width of the project, no matter what layer of material they are working as opposed to Topcon's limited vertical offset.
As far as radios are concerned, the 900mhz Trimble setup does lack for distance, but can be easily compensated for with repeaters (which are needed with the 450mhz range PDL radios we use with our Topcon setups anyways).
Site work I see as being fairly equal. The advantage still going to Trimble with their dual antenna setup. Taking out the factors of having a cross-slope sensor, rotation sensor, and mainfall sensor is obvious. The fewer components you need, the less likely the system will fail.
I like Topcon's 3D MC^2, but it only increases the speed of dozer work, most of our fine grading is done with graders. We done some fine grading with dozers, but it's all site work and we have the mmGPS system that seems to work just fine.