I've been using XVII at work for the past month or so. I don't notice much of a difference between IV and XVII, other than the fact that XVII appears more vibrant (thicker wires, maybe? Brigher colors? Can't put my finger on it), and sometimes it doesn't complain if you forget to put in a ground symbol. It still seems a bit buggy to me though, and has some of the same bugs as IV (if you delete a node that you're probing, you get ridiculous numbers often in the tens of kilovolts range).
At this point I think I could use IV and XVII interchangeably -- there is no real functional difference between them, at least not in my experience. Most of the changes were just the platforms they run on.