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I've done a site with Xaraya, www.dallasimmobiliare.it. It took a month to me to learn and some things (like the contact form which is, in fact, the Xaraya registration) needed an excamotage because I can't figure how to make it with that system.
Maybe it has many chances but (I fully agree with kickass) it's a pain to do very simple things.
By the way, from Xaraya came my hate to conditional comments: your work ends up in a enormous template hard to mantain over time (without talking about leaving the work to others!) just to display a single page.
Their Dynamic Data can be very interesting, but it's pretty hard to take advantage of without a line of explanation and no community behind.
Because there's no community behind... void forums... no-one replies to emails... (well, this is just my experience with them)
And after all the possibilities, passing the "vertical" learning curve, what you get? To be chained in "articles", "reviews" and similar kind of organization.
Well, Postnuke can do the same and now with the last template engines can provide pretty xhtml output too, with about no learning difficulties and a wide range of addons.
This leaving apart problems like the horror admin interface (and there is someone that talks bad of MODx admin interface? Have you ever used, or seen the Xaraya's? I don't think so) and the slowness.
If the client of the above site asks for a change in the site, surely I'll convert it in MODx to do the change.