Norco full suspension bikes have featured adjustable travel for quite some time. In fact, VPS stands for Variable Point Suspension, referring to the adjustable travel. The travel is adjusted by moving the shock position between points A and B. For all 2010 Norco bikes with adjustable travel Point A is the long travel position and Point B is the short travel position. In the 2010 lineup there are several bike that offer this adjustability such as the LT series, Fluid series, Faze 2 and 3 and the Phena. Each of these bikes has two travel options as listed below.
LT 6.1, 6.2, 6.3 - 137mm - 158mm
Fluid SE, 1, 2, 3 - 116mm - 143mm
Faze 2, 3 - 100mm-120mm
Phena - 116mm - 143mm
When adjusting travel between settings on many bikes there are adverse affects that can reduce ride quality or decrease performance. Not on a Norco though... when you change the travel on any of these mentioned bikes the head angle, and BB height remain constant. The only difference is the change in travel and a more or less progressive shock stroke. I.E. The long travel mode has a lower leverage ratio and more progressive stroke. The result - short travel is a linear, more XC type ride while long travel is a more active, agressive setup.
Thanks to Steve Bown
for asking to learn more on the matter