A while back I evaluated a Cisco 6500, a Black Diamond 6800, a Nortel 8600, an Allied Telesyn SwitchBlade 4000, an HP ProCurve 9300, and a Foundry FastIron 400 side by side. Extreme also has a Black Diamond 10K that I was interested in, but our rep couldn't get one for me to look at.
A little background: Once upon a time we used IBM ATM equipment in our core and migrated to Nortel's 8600 platforms when they first came out. We've been very happy with them but when the 3 year leases started to expire earlier this year I wanted to make sure we knew what our options were. I don't have time or space to replicate all my test notes but here are a few (random) thoughts:
First we chose Nortel again, partially because of aggressive pricing offered and partially to avoid retraining staff. Good experiences with stability, the local support team, and features like SMLT also helped. I didn't have any experience with the other platforms, except for some familiarity with Cisco's ISO because our WAN routers are Cisco models.
We don't do anything too exotic, so all of the platforms passed all of my tests. The only platform I had technical issues with was the SwitchBlade 4000 which seemed to have an unusual architecture that I'd avoid for a generation or two. In general I ignored the vendor-supplied performance numbers since they all use Enron-style math when reporting speeds and performance.
I thought the BlackDiamond had the best interface in terms of usability, even better than our Passport 8600 for a new user. On the flip side I thought the Catalyst 6500 had the worst interface for a new user, I just don't think an interface designed for a 4 port router works on a 300 port core switch. The HP 9300 and the Foundry FastIron 400 are really the same hardware, the HP blades even say Foundry on them.
My specific notes on BlackDiamond vs Passport are that the BlackDiamond CPU failover was very fast and that it supported netFlow traffic monitoring. I hear Nortel plans to support IPFIX traffic monitoring in the future, probably as an add-in blade. On the negative side it only has 24 port 1000Mbps TX blades with no higher densities planned, the BD10K has 60 port blades and there may be a 48 port 1000 Mbps TX card for the Passport 8600 port later this year. The BlackDiamond also can't mirror between blades, which makes monitoring fiber interfaces hard. We were also a little concerned about Extreme being a smaller company that hasn't made much in the way of profits, but they seem to have good engineering and their local support team was really good to work with. I was also a little concerned about the future of the 6800 platform now that they've released the 10000 series.
In general I'd say they are both strong choices, certainly the strongest two out of the field of switches I looked at. I gave the edge to Nortel in our environment but after seeing them have recommended Extreme's Black Diamond and Summit lines to friends with smaller networks. HP's ProCurve 2626 and 2824 almost beat out Nortel's BayStack 425 and 5510 for our workgroup switch business, they're certainly worth a look as well.