BitShares X if it eventually is able to do what it says on the tin, will have a system that's more decentralised but with enough trust (knowing who will produce next block) that they can handle MasterCard/Visa volumes and process them incredibly rapidly. More importantly you will 'hopefully' be able to hold BitUSD or BitGold on a blockchain. So it's not a shitcoin, more like the - 'could change everything coin' so I guess actually you could call it 'the shit' coin 
Did you confuse something?
This actually sounds like Nxt.
Yeah sure, choose NXT - If you like a system that's >10X slower, >10X more expensive with <1/2 the features
http://wiki.bitshares.org/index.php/Why_choose_Bitshares%3F
Check out the comparison chart - it's still a work in progress but I think BitShares' new DPOS Blockchain is superior.
(NXT is actually my third biggest holding after Bitcoin & BitShares related stuff though...)
Haha, you know that this table is of course in favor of BitShares? Well, obviously if considering the URI of the wiki.
It only lists features that exists BitShares but not those only available on Nxt.
Recommended confirmation time is of course the same as both use the same underlying technology. Here, I stick to the original.
About the other features:
for Nxt:
Anonymous Transactions - next major feature release
Profit Sharing - next major feature release
Market Pegged Assets - next major feature release
for BitShares:
well, no release yet; we will see if they deliver => actually the table should show a big red NO
when are these features to be released? are they already implemented and being used on active test nets? also, recommended confirmation time is not the same. even if you use one block confirmation, nxt blocks are produced every minutes as apposed to 15 seconds. there is very little latency in block production on the test net. block production could be sped up to 2 second interval.
