Pentax E70 has a 10.0MP 1/2.3" (6.08 x 4.56 mm ) sized CCD sensor . On the other hand, FujiFilm AX350 has a 16.0MP 1/2.3" (6.17 x 4.55 mm ) sized CCD sensor .
FujiFilm AX350's sensor provides 6MP more than Pentax E70's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Below you can see the E70 and AX350 sensor size comparison.
Pentax E70 and FujiFilm AX350 have almost the same sensor size so none of them has any significant advantage over other in providing control over depth of field when used with same focal length and aperture.