I am getting the "Race" and agree that the "2-way" means preload and a single damping adjustment, as the Raga is listed as having "3-way" adjustment.
I pick it up on Thursday! I do have an event this weekend but probably won't have any time to fire it up until after the weekend.... I am hoping to get it all kitted out with the stiffer springs and such by the time the CO nats roll around but we shall see: I am keeping the 2011 for now, since I feel it is working great for me. I made the mistake of riding Texas last year on a bike I had only ridden two or three times and didn't really have a great weekend. I guess I don't have the skill/experience to ride around a bike that isn't "just right".
I guess I better go practice. All this suspension tuning doesn't do a thing if your feet are on the ground!!!