2 cents
Sean,
I have been playing with some 29er Tubeless conversions as of late.
My best luck comes with Python 29er's which are sold as "tubeless ready" this means that the tire has a UST beadlock and sidewalls that are tougher. They will not hold air W/O a proper sealant.
I have been using the Hutchinson Protect Air which does not denature like a Latex will. They say it will last longer than the tire. I have popped open a notubes kit only to see that the Latex has turned into cottage cheese balls.
As for a rim sealant I have been doing 3 wraps of the rim with good quality
3M Electrical tape followed by the Stans Rim strips. You can also use some GE Silicone on the rim joint if you like a bit more insurance.
The strips are crazy price for what they offer but they seem to work.
The real trick is that there is no exposed rim. The strips go up the rim wall such that the Bead sits against it.
This system could NOT be installed with a mini-pump. I have only gotten it to seal with a compressor. Once it seal there is virtually no air loss and they tires roll noticeably faster than they do with tubes inside. Be prepared to carry a tube or face a long walk home.
I would add that using a NON UST tire is what lets the tires burp air. It is important to note that UST compatible tires have a significantly tougher sidewall and a specially designed bead that really locks the tire to the rim.
Back in the 26" days I ripped the hell out of a UST tire and it didn't break the bead off the rim as I rode it down a hill with no air inside.
If you choose to run a NON UST tire you are taking a risk since neither the sidewalls nor the bead were designed to be run without tubes inside. The side walls of UST tire are much stiffer.
As of now there are very few true tubeless options for 29ers. Bontrager has a few but as I am not a Trek dealer i have not played with their tires. I am sure that they are good as Keith still has a lot to do with that program.
Since Mavic has stepped up with the 29er Crossmax rims you can only bet that more UST 29er tires will be coming around the bend in 08'. This is one of the things I will be looking for at Interbike next month.
peas
j