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I'm definitely going to ride both of these before I make a decision, but I have to wait a few days for the shop to get the Jamis in stock so I felt like asking which of these you would choose given you like the way they both ride.

2011 Jamis Dragon Sport 29'r Specs:

Price- $1100
Frame- Reynolds 520 chromoly main tubes and stays, reinforced head tube collars, gusseted down tube, forged dropouts
Fork- Rock Shox Tora TK 29, coil spring with external preload & rebound, TurnKey lockout with PopLock remote , 32mm stanchions, aluminum steerer, 100mm travel
Headset- Aheadset, external cups, with 20mm shim stack, 1 1/8"
Wheels- WTB Speed Disc All Mountain eyeletted rims, 32H, Shimano M475 6-bolt disc hubs, WTB 14g stainless steel spokes
Tires- Geax AKA 29 x 2.2"
Derailleurs- SRAM X7 medium cage rear and X7 28.6mm dual pull front
Shiftlevers- SRAM X7 trigger, 9-speed
Chain- KMC Z99
Cassette- SRAM PG-950, 9-speed, 11-34
Crankset- SRAM S800, 44/32/22, 170mm (15"), 175mm (17-21")
BB Set- SRAM GXP integrated
Pedals- Flats, alloy body/steel cage
Brakeset- Avid Juicy 3 hydraulic disc brakes with 185mm front & 160mm rear rotors
Handlebar- Ritchey Comp flat bar, 31.8 x 10º x 660mm
Stem- Ritchey OS, 6º rise x 90mm (15"), 100mm (17"), 110mm (19"), 120mm (21")
Grips- Jamis Lock-On, dual density
Seat Post- Ritchey 2-bolt, 27.2 x 350mm, with alloy QR clamp
Saddle- Jamis XC with pressure relief channel, scuff-resistant corners, cromo rails

2009 Giant XTC Alliance Specs:

Price- $1200
frame- Alliance Composite/Aluminum Technology
fork- Rock Shox Recon SL Air, 100mm w/ lockout
shifters- Shimano SLX, Rapidfire
front derailleur- Shimano Deore
rear derailleur- Shimano XT Shadow, top normal
brakes- Avid Juicy 3, 160F/160R
cassette- Shimano HG50 11/34, 9-speed
chain- Shimano HG-73
cranks- Race Face Ride XC, 22/32/44
BB- Race Face X-Type, external
rims- Mavic XM 117 Disc
hubs- Shimano Deore 32H Disc
spokes- Stainless Steel
tires- Kenda Small Block Eight, 26x2.1/1.95
handlebar- Alloy low rise
stem- Alloy, 10 Degree rise
seatpost- Alloy 350x30.9mm
saddle- WTB Silverado Race
pedals- Crank Brothers Smarty

I have a feeling this will come down more to which frame material/geometry I prefer than components, but if I like them just about the same, do you think the improved components on the XTC are worth the $100 price increase?
 

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The XTC Alliance is an 09 bike,so you should be able to negotiate a much better deal on it. If the bike truly is an XTC Alliance then it's probably been in the store for at least a year, I'm sure they're probably willing to cut you a significant break. I would suggest 20% at a minimum 30% isn't unreasonable.
 
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