I bet modeling processor will be the same Shark used for effects (because of volume cost cut). One (G3) amp and one cab, even if the cab is not at max resolution, is just enough, and not as demanding for the processor. Roughly the same sensible cuts done with the effects.
Would be nonsense a unit less powerful than the already limited FX8, so the same 8-max effect blocks + amp and cab is expected.
Price will be in the FX8 ballpark, for sure. US$ 1.699 street/direct is a good bet.
My main concern with this units pre-release is (what appears to be) limiting routing options. This is the main AxeFX differential, maybe still more than the tone quality itself, and a product without that is not the same DNA (just "series/parallel" for each effect, for that matter). A grid with free patching, AxeFX-like would be far better (we don't know the editor, so it can already be like that, hopefully).
Supposing the grid routing, his product has potential to be a real winner, more than FX8. Many AxeFX users will buy for backup and rehearsals/jams, and opens a whole new (and far bigger) market share in other price point.