I have had pretty good luck going tubeless. On my 26" bike I used the DT Swiss kit on a set of DT 5.1d's and it worked fine. No burping and they held air no problems.
I just went tubeless on my 29er with a set of stan's arch rims. I did this 2 days before the sm100. A poor tape job by me meant I had to run a tube in my front, but the rear worked fine. Let me tell you that the sm100 was punishing on tires and mine held air all day. Like Factore said I think the rim/tire combo is going to have a lot to do with your success ratio. What tires and rims do you plan on using?