Thus far it looks similar to an upgraded T-38 to me. The XB-1 and T-38 are similar (ish) sizes, have roughly the same takeoff weight, both use the very old/proven J85 engines, etc.
If Boom can pull off the Mach 2+ supercruise concept for this demonstrator, they might well secure a spot as a low cost 5th gen fighter trainer with good export potential as a cheap fighter/recon platform.