The ALX had a lot of promise when it was released, and it was quickly found to be disliked by the masses. I've read many stories of guys buying one and immediately regretting it for various reasons. I personally haven't owned one, but I know if you search around the internet you will see many stories about the ALX.
As for the Smoke, I don't own that one either, but I did just pick up the Tour S3 which is the upgraded Smoke. I haven't been able to use it on the water yet, but from what I can tell so far, it's a very nice reel for the money.