I've not seen evidence of any RPG elements whatsoever in Rage so I expect the answer is Dead Island (we know it has an XP meter). Dead Island will undoubtedly also be the better game; it has a proper health system (medkits), full 4 player 30 hour co-op campaign, and I expect some fun weapon and character upgrades to spend XP on. As far as I can tell Rage has none of those things and will be as generic and boring an FPS as you can get these days.
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