[Bilderback]

Thank you.
My error was in using parsedata instead of parseddata. (missing d)
The following now works:

$xml->parse();
$item = $xml->parseddata[item];

However, there seems to be a significant increase in load time.
Maybe this will change when I get the data to template.
I was using simple_xml() which returned quickly.

Now I just need to figure out how to get the variables to template.