The Red Bull freeride guys are doing a lot of that to make the bikes easier to spin and flip around. Most recreational riders are not doing that. That's not to say that most recreational riders need (or are even able to handle) a bike that is crazy long and slack, but at the same time I know that at the same time, a moderate amount of length and slackness will help them feel more confident and ride better than the would on a bike with 2011 geometry.In reality it’s probably only a few seconds slower over a minute to run 26” over 29”. But race results = bike sales so 29” it is.
I find it quite funny that in the heyday of Freeride, bikes were pushed towards the idea of winch and drop. Super short, super high, with loads of travel. This informed the DH bikes and racers had to run all kinds of mods to slacken and speed the bikes up. Now racing is back at the forefront and many of the top Freeride guys are using old, shorter frames, 26” wheels and other mods to create bikes fit for purpose.
I imagine most recreational riders would actually prefer a nimble, Freeride based sled, over a full on DH race machine designed for today’s motorway tracks.
When I got my first bike that was designed to be 27.5 (Nomad 3), it was game changing in terms of what it allowed me to ride. The reach and chainstay lengths weren't much longer, but it was over 2 degrees slacker at the front and 3 degrees steeper at the seat. It's geometry (65 HTA, 74 STA) was super progressive for the time but it's in line with some "downcountry" bikes now.