Join Date: Apr 2007
Location: Munising, Michigan, USA
Bikes: Gary Fisher Hodgepodge 26er Rigid
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the FSRxc is Specialized's entry-level, full-suspension, cross-country bike. 2007 prices begin at around $1200, and I believe they reach $1900.
Is the FSRxc good? That depends. In general, I have a good opinion as to the quality of the bike relative to the price. Lots of people seem happy with them. I personally did not like the geometry -- it put my weight too far forward for my own comfort. Probably one could describe the bike as a "good climber", but I am much more worried about having a "good descender", and thus I favor bikes with slacker geometry that put my weight a bit further back.
Which Giant are you comparing too? Giant makes several full-suspension models, and they even have one (the Pistol, I think, in 2007) that costs less than the FSRxc.
If you are comparing to, say, the Giant Trance, then Specialized's Stumpjumper is probably a closer match. If you are comparing to a Giant Reign, then that is a completely different type of bike, and you should not even be looking at the FSRxc as an alternative to it.