The Fuji X sensors are better than MFT sensors without a doubt. I've had an E-M5 and now have an X-E2. It's not a major difference at low ISO but it is noticeable, and it's quite...
Depends on the whole kit and subject.
I would say:
Oly E-M1 with 12-40mm 2.8 would be better than X-E2 with 18-55mm
X system with 23mm 1.4 would bet better than any MFT with 17mm 1.8 for static...
I compiled my own list of significant differences, only the ones, which I would really consider as deal breakers:
+ better ISO performance
- slower AF
- 1/180 flash sync, no high speed...
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