The Good: Tapered Head tube, Geometry, Best Bang for your Buck, Simpleness
The Bad: Apparently Santa Cruz will no longer be making this frame.
I'm reviewing the 2012 model although I don't think there is anything different from the 2011 model, other than a different colored Santa Cruz logo. I have been currently riding this bike for 6 months and I do not have any major complaints. In fact, I don't have any complaints.
This bike is incredibly fun to ride. The best thing about this bike is it has the trail bike geometry without loads of travel. At only 120mm of travel this bike can still pedal with the best XC bikes but can out descend them all. I wanted a flowy, jumpy, pedally xc bike and this is all that and more. This bike does everything from a XC ride to an all mountain descent. It can be pushed, and pushed hard.
Before I rode the bike I upgraded the stock parts to a new thomson 70mm stem, thomson post, sunline wide bars, shimano xt trail brakes, sram x9 derraileur, sram x9 shifter, specialized purgatory tires, gamut p30 chainguide, shimano slx trail pedals, odi lock on grips, and e-thirteens single speed cranks. My currenty set up is 1x10 with a 36 in the rear and 34 up front.
I would recommend this bike to anyone who rides a lot of trails but doesn't want a dedicated XC race bike but also doesn't want a full blown All Mountain bike. This bike falls directly in between the two categories. It would be the perfect choice for a rider who doesn't live in mountains but still loves to ride aggressive trails.