We report follow-up XMM-Newton and ground-based optical observations of the unusual X-ray binary SDSS J102347.67+003841.2 (=FIRST J102347.6+003841), and a new candidate intermediate polar found in the Sloan Digital Sky Survey: SDSS J093249.57+472523.0. SDSS J1023 was observed in its low-state, with similar magnitude/color (V=17.4 and B=17.9), and smooth orbital modulation as seen in most previous observations. We further refine the ephemeris (for photometric minimum) to: HJD(TT)_min= 2453081.8546(3) + E* 0.198094(1) d. It is easily detected in X-rays at an unabsorbed flux (0.01-10.0 keV) of 5x10e-13 erg/cm^2/s. Fitting a variety of models we find that: (i) either a hot (kT>~15 keV) optically thin plasma emission model (bremsstrahlung or MEKAL) or a simple power law can provide adequate fits to the data; (ii) these models prefer a low column density ~10e19 cm^-2; (iii) a neutron star atmosphere plus power law model (as found for quiescent low-mass X-ray binaries) can also produce a good fit (for plausible distances), though only for a much higher column of about 4x10e20 cm^-2 and a very cool atmosphere kT<~50eV. These results support the case that SDSS J1023 is a transient LMXB, and indeed places it in the subclass of such systems whose quiescent X-ray emission is dominated by a hard power law component. Our optical photometry of SDSS J0932 reveals that it is an high inclination eclipsing system. Combined with its optical characteristics -- high excitation emission lines, and brightness, yielding a large F_X/F_opt ratio -- its highly absorbed X-ray spectrum argues that SDSS J0932 is a strong IP candidate. However, only more extensive optical photometry and a detection of its spin or spin-orbit beat frequency can confirm this classification. (abridged)
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