Before I get into the details, you will need a little back ground info to appreciate and understand my perspective on this new product. Think about 29ers. Think about big 29er tires. Now throw in suspension. Now think about the 29er crowd's thirst for more travel and even bigger tires. Now make the chain stays as short as possible. Now add in the requirement to properly design and position a front derailleur. There is a lot going on down there in the crank, bottom bracket and front derailleur area of a bicycle.
Back in February I was in Southern California and had the opportunity to see some prototypes of Shimano's new SLX group including their dual ring front derailleur. Since then, I've been excited to install one and test it on my own bike. I received my SLX group back in June, but unfortunately Shimano only supplied a triple front crank and a triple front derailleur. Recently, I got my hands on their new dual ring crankset and front derailleur and immediately installed it on my full suspension Big Mama prototype play bike.
Before I installed the new stuff, I took pictures of my Shimano XT front derailleur and triple crank set up. Here is a top and a side view. Notice that the rearward, lower portion of the front derailleur cage overlaps the big 2.4 Schwalbe tire mounted on Salsa's 35mm wide Gordo 29er Disc rim.


Now, take a look at this set up with the new SLX Dual Ring Front Derailleur and crank set.


Amazing. To top it off, the front derailleur cage is designed with almost the exact radius as the outer bash guard. The system virtually eliminates the possibility of throwing the chain over the outer bash guard. Wow, a drive train optimized for dual rings, big tires, a 36tooth max chain ring. That sounds good to me. It works great too.
In addition to all this, the system is optimized for a Shimano dual ring crankset. Yes, I know it is currently only available in a 104mm bolt circle and a 22-36-BG. But I would argue that this is the ideal set up. I've been running my "Play" bike with a 22-32 for over a year. It does work great, but in reality when I rode this bike in the Colorado front range, in Fruita, in Grand Junction and in SoCal, the 32tooth was too small. When I'm climbing those big long climbs, I'm dropping into the 22 anyway, especially on my 30 lb play bike. For me, the 22-36 is an ideal set up.
All I can say right now is that I'm smitten with this set up. I really like it for how I set up and ride my 29er. I also think it opens up some new possibilities in 29er design and bigger 29er tires. We'll see.