The XFL is coming back next year, so the AAF better get their finances in order now or it'll likely not be around much longer.
I'm not sure that the XFL is a true competitor to the AAF.
What I mean is that they are both, ostensibly, B-grade professional leagues with rosters sprinkled with NFL washouts and hopefuls.
I think (or at least I thought before the paychecks bounced) that the AAF has the implicit support of the NFL as a place for the spread/scramble QBs to learn to sit in the pocket and throw. There is a dearth of that coaching in the collegiate ranks and the pros are tired of throwing $40MM at a guy who will get smashed to a pulp by his fourth game as he continually tries to make the corner against NFL DBs.
I think (again...naked speculation) that the XFL will have trouble distancing itself, if it even wants to, from its prior iteration. I don't think either position is a winner for them.