That was fab...as a lover of Charles and Erik and X verse as a whole I thought it was great to see. It made me all kinds of warm inside...and i think it was a good blend of their similarities and differences of Lex and Charles.

PS in one X arc (ultimate Xmen i think) Charles wipes Magneto's mind instead of letting him go to prison because i think this time they would have executed him for nearly destroying the world or NYC. Makes him a nice happy volunteer working with children, and his own little girlfriend. So yes I think in a way this is possible in both universes.