No one ever seems to realize that two different products that serve the same or similar purpose can, will and do exist. That's like saying Toyota's new (whatever) is a Honda (whatever) killer.
Fender has been committed to digital amps for over 20 years. The Cyber Twin was released in 2001. Line6 went from laughingstock and second-rate to a zero-apologies line of products. I see no reason Fender can't do something similar. It sure looks like they've been working towards it for some time now.