To answer the original question, no, at the moment, Xenforo is certainly not a vBulletin killer because it lacks the features people (like me) will be needing.
However, considering the software has been developed in such a short space of time and has been designed (unlike vBulletin) from the outset to support plugins, and having seen more of Xenforo than most people, I would say that the required features will come thick and fast both from Kier and Mike, and the enthusiastic supporters who will no doubt be coding like crazy when the software is released and documentation available.
So going forward, yes, I think Xenforo has the potential to be the market leader, but it's a fair way down the line, yet.
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