Watching more posts with interest to see what he thinks of it?
I can chime in, as I tested some out to see if Inglesport (where Ian purchased said cord) should stock it. It could easily be a thread of its own I think!
Firstly, Petzl specify that it is a technical cord for "expert" use, though what counts as an expert is undefined. There are three uses I can see it being used for in UK caving.
1. A short line for setting up hauls/breaking into a loaded line. Five metres is barely noticeable weight wise, and can be used with a few bits of rescue kit to set up a haul.
2. Pull through cord. Used on the pull down side to save weight. Fairly self explanatory, can be used as an emergency rope to get you out of a pinch
3. For use in descent and ascent. Here is where it gets a bit more complicated, and definitely not a bit of kit for everyone. As Josh pointed out, there is a different way to rig your descender, first a standard S rig, then an O rig to add more friction. On descent I think this feels close to 9mm rope handling wise, although great care is still needed. I have only used a Simple, though a friend did use a Stop, I will ask if it actually stopped.
Ascent is the same as normal in terms of gear, but you really do feel like you're going up a shoelace. The rigging needs to be
immaculate to avoid any rub at all. I even consider how close it could be with some swinging about due to prussiking. "Breakable" knots (BotB, fusion) are highly recommended if you want to be able to untie it once weighted.
The big benefit is being able to squeeze 60m of the stuff into a 6 litre Daren Drum. I turned up to a trip and a friend was in disbelief that there was enough in the bag to get us down the cave.
My recommendation for anyone seriously considering using it for ascent/descent (not just in a "ooh look at me Billy big balls using the thinnest stuff possible" way), really get some practice in on the surface, and only use it where you really need to. Most places and trips don't justify the increased risks.
I know most of this will be preaching to the converted, most people who would consider using this already know the risks and mitigations, but it's worth saying it all again in case some don't!