I got to play both under NDA while at Vai Academy back in January.
I used my Axe Fx II but not my guitar, and I didn't get the chance to compare to my Xitones or play very long.
However, they sounded good from the short time I had with them. They look great, they have some cool features, fairly high SPL and the prices sounded better than I would have expected.
For people who need to save CPU on the Axe Fx, you could leave off the Cab block and use one of the onboard speaker models. Also good for devices that may not include cab modeling.
I think these could become a popular choice... But time will tell.