Steel is real!
They're doing many 650b bikes, but I don't care about XC stuff in this thread, so the Nemesis, XCT, etc...will not be posted by me.
The Dragon 650 however, is slack and steel. It's a really nice frame and feels more like an AllMountain ride than an XC bike. (FYI...I will comment that the Carbon Nemesis 650 team is only 19.75lbs!!)