Well, it's similar, in that it was added to chips as a feature for certain users, but it's very much un-useful for consumers.
These Via chips weren't intended for home PCs, they were for industrial applications where having a RISC co-processor might have been handy. Intel's ME was designed so that large companies basically had lights-out management on their desktop machines. Both were fine for their intended purpose, but in the case of Intel, they included it in consumer machines for some reason where it was very much not a good thing.