I've used both the Jersey Railsplitter and Jersey Classic (Council Axes) and found them both to be workable axes. They are shipped with a handle that probably won't hold up for more than a few months of everyday use, not to mention an aluminum wedge that doesn't allow for grady wedges if the head begins to slip. Expect to do some filing right off the bat to bring the cheeks down if you are doing anything outside of splitting.
I prefer the Classic—mostly for looks. And I think the cutting edge is a bit longer, but I can't remember for sure.
I've used Council's Hudson Bay Axe, and I've been happy with it, especially considering the price. As Nik mentioned, they are not finely finished, so you'll certainly want to sharpen it and possibly file the cheeks down for better chopping.
The Swedish axes sure are nice, but there's also something to be said for an axe that is well-enough built for hard use, but not so expensive that you'll be afraid to use it hard or practice your sharpening/re-profiling etc.
Here is good review of the Hudson Bay Axe. Of course it's not the axe you're looking at, but maybe it'll give you a sense of Council Axes in general.