This is a nice review that goes over different patients stories involving open surgery, seeds, HIFU, external beam radiation, and watchful waiting. I think its a good read for patients that are newly diagnosed as it points out there are many treatment options available.
It leaves out cryosurgery (freezing the prostate) and very importantly robotic surgery, which in my opinion will become the standard (or at least the majority choice for therapy among patients with 10 year life expectancies) in the next several years.
My best advice to newly diagnosed men is to seek out a few opinions, then find the therapy that you are most comfortable with and the hospital and doctor that you feel best with.