This looks very nice. It has to be either priced similar to an Axe 2 and have the same ish features, models, FX. Or be cheaper with far less features. If it releases half the price of an XL but with all the same models, slots, etc then it'll kill the rack unit sales and resale. I can't really see that happening unless he's going mass market.
Who knows. All speculation.
it has already been stated that it will only run 1 amp and 1 cab block (not 2 of each like the rack units), will not have certain "esoteric" effect block types, and a few other things like that.
estimated price by forum members range from $1299-$1699. (personally i'm guessing $1599, only so i'm wrong and it's cheaper).