I have a Motolite; predecessor of the FTM with 125mm at the rear instead. I really like it. The FSR Horst rear works well for me and I dont need to use propedal when climbing. The front is a lot steeper than the FTM, and I use 100-140 Talas forks. Set at 140 it can be a bit wandery on the climbs so really needs to be dropped to 100 or 120. never had a problem with pedal strike.
I really do fancy either the FTM carbon or the Rockstar 29er. The FTM carbon should build up to a 25lbs bike; kind of a poor mans Blur LTc I guess?
I also do fancy the Rockstar. I do have a couple of 29ers and have got on really well with them, but am not sure if only having 100mm travel will work for what I wan the bike for.
Oh and the seatubes are very long for the sizes but dont be put off as the frame shape creates a lot of standover. Best to size based on length first.