I generally don't think Emma can take a non-phoenixed Jean, and I'm fine with that. She doesn't have to be the most powerful telepath in the world, it's part of Jean's character, kinda how being rich is part of Emma's, and that's cool. Besides, one being able to win a fight has never really been the point of their interactions.
In a just and reasonable world they'd have inherited the Magz/X story of 'different life philosophies, different life paths, similar goals'. Shame Marvel was never interested in investing in their women characters and forced that into Cyclops and Wolverine's story.
Goddess, that was a good issue. Whenever I feel hopeless about Emma today I try and remember Hopeless.