<human>: Condense the text into a few key points

Long time reader; first time poster.

I've recently put in my resignation notice at my current employer, who earlier this year gave me a 10% raise for doing exceptional work. Before this happened, I secured another position at another company contingent on finishing my degree. When I accepted the position, it was a bit more than I'm making, but now the new position is less. The new company won't counter offer (big company, totally understand), but the one I'm working for now has basically said "name your price" to keep me.

There are pros and cons to each? What would you do?

Old job:
* Get to play with a lot of cool technology and get my hands and feet wet in many, many areas
* On call 24/7/365. Usually no more than 3-5 off hours calls a week.
* High stress.
* Promises of things getting better, as the company has just been purchased. The new owner seems very interested in fixing the problems that exist.
* Small team responsible for many things. 
* In a senior technical position. 
* No room to 'move up' in the company as my superiors are likely 'lifers'.
* No shift premium for working off hours
* Lots of bureaucratic crap.
* Letting me pick my counter offer.
* Crappy drive to work.

New job:
* Slightly less pay to start, although raises every 6 months for 3 years for good performance.
* On call shifts and schedules.
* (Hopefully) less stress.
* The company has been around for a long time, but the IT organization is new. Lots of changes to come.
* Get to work on what I want.
* Far more vacation time.
* Better 401k opportunities.
* Ability to 'move up'
* Better tuition assistance.
* 3 miles from home.
<bot>: Old job will pay me more, but comes with lots of red tape. New job will start off less but has opportunities to grow.