Mike, I'm sure the Variax is nice, but don't you think you might be overstating the case just a little?

The Line 6 amps were supposed to replace all other amps, too, weren't they?
On the gig today, I played my Strat (50 year old technology) and my blackface Princeton (50 year old technology). It sounded amazing!

Tone out the wazoo. Through the big festival PA, the Princeton sounded huge. I got thick "humbucker" jazz sounds, thin "funk" rhythm sounds, out-of-phase in-between tones, slightly-overdriven bluesy tones and more... out of one guitar. To be fair, I did use my pedal board, which has a Boss chorus, tuner, octaver and delay, plus a Cry Baby.
I honestly think that Mr. Fender nailed it with the Tele and Strat. I've played ES335's, ES175's, Les Pauls, Gretsches, Gibson Howard Roberts models, Epiphone Joe Pass guitars, a Hofner New President, etc., etc. I have always kept coming back to the Fender. For me, the Strat is a one-beautiful-guitar-does-it-all instrument. It's beautiful in its simplicity and aesthetics. Why complicate perfection?
This doesn't mean, however, that I'll stay away from the Gibsons. I love them too!
About that Princeton Reverb... there's no need to take any more amp than that to a gig where there's a PA. I'm through hauling 40-lb.+ amps around.
Bless your heart, Leo Fender!