I watched 2 hours of the semi finals on cable the other day (sick at home) and they were doing around 8 - 9 kts up wind at around 30 deg (so the commentators were saying anyway). It looked around 15kts of breeze from the sea state.
Taking this data we find a VMG of 9 * cos (30) = 7.79 knots
For a beach catamaran sailing at 50 degrees off the wind to achieve the same VMG it needs to travel at 7.79/cos(50) = 12.13 knots. I think an I-20 or other formula (modern) beach cat can do that in 15 knots of wind.
So on this data alone it appears a beach cat will beat an america cupper when the crew is skilled enough to make fast tacks and gybes.
Wouter