i've used a short felling axe and was thoroughly impressed. it is the felling axe head but on a 28" handle, and it chops like a demon. the thin, wide bit is really great for plowing through wood.
i can't wait to save up enough to get at least the felling axe, but i'm also interested in the "forest axe" that bens backwoods carries. it looks like a good small axe for general bushcrafting.
i don't know about how the edges come from the factory, the one that i used had already had a thorough sharpening, but i expect to sharpen anything that i buy anyways, even if it comes wicked sharp. i like to fine tune my tools to my personal needs, which often means changing edges.