Oh, it looks like Xtend is to Java as Coffeescript is to Javascript. Although I'm sceptical about it compiling to Java source. Java seems to be going through a period of experimentation, and alternative Java-like and JVM languages. Interesting times.
This one in particular is interesting since it seems to be an attempt to catch up with some of the rapid development C# has made. The Java platform is great, but the language has visibly been allowed to grow moss lately.