Finally licked that axle! I think it was stripped a little on the outside, but still had good threads all the way in. Just took figuring out the right position to give me enough room to get the bit in there with the ratchet, and I had a big ol' pair of vise grips clamped on the end to keep the axle from rotating. Finally with everything lined up, I pulled a Smelly Cat and yelled "By the powers of Mordar, release thy axle" and gave it a good turn and broke it loose.
I was out at Village on Friday but I got there too late for Travis to press my bearings. My friend Perry looked at my bad hub and said it was not reusable, so I will get two new hubs too.