Too much? or Not enough?

Over the last few days the Leica Users Group (LUG) email list has discussed post processing effects; and very strong opinions and feelings about the use of HDR (High Dynamic Range) and other effect plug ins, filters and PS (Photoshop) actions have been expressed. I have here two different interpretations of the same RAW file. I like them both for different reasons. What do you think? Do you have a preference? Why?

(click photographs for larger view)

Leica M8, 65 Elmar on Visoflex