This past weekend I patronized my local rental service for this:
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There were three stumps that absolutely needed to go. Two of them I was sick of mowing around and the one in the above picture needed to go to make room for potentially a new fruit tree.
In action:
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My experience at the rental place was a snap, easy enough to get the grinder on and off the trailer, steering was a cakewalk and the tricky part was listening to the engine so that it was working hard but not bogging. With this model, I found that if you let it grind away, it will automatically sense the load and sweep slowly allowing the engine to catch up. Once all was said and done, just a nice little pile of woodchips remained. That's on the agenda this evening for some tractor time to clean up and put some dirt back in the hole.
When I figured it out, not counting my time, it was roughly $50 per stump. I hope this helps someone who's considering removing some unsightly stumps.