In reply to MountainsAreBetterThanOffices:
For half ropes 8.5mm or less, the Alpine Up is far and away the best device available, and in particular handles much better than the Smart Alpine. (I have owned both devices, but sold the Smart after trying them both for a while. The Smart is not at all good for the simultaneous take-in-and-pay-out maneuvers required for half-rope belaying and is unpleasant for rappelling.)
The Up looks complicated but isn't at all. It feeds ropes to the leader better than any other device on the market, and you get solid locking on a single strand during falls. It's just a better mousetrap. Drawbacks are price, size, and weight, all of which are in the realm of gri-gri's. (The Up is, however, better than a gri-gri for pumping slack to the leader and for lowering, and of course you can't use a gri-gri on double ropes anyway.)
The Up can be used in "guide belay" mode, and seems better at that than the Reverso in the few times I have tried it. I agree with the other posters' criticisms of the guide belay. For guides and experienced climbers trying to and capable of moving very quickly it has its uses, but as the normal method of giving an upper belay I think the drawbacks outweigh the advantages.
Personally, I hate being belayed this way, as the belayer almost always ends up pulling on me, and experience in the use of the device does not seem to make belayers any better. Stepping down can be very hard, and if one has to step down from an overhang or back from a traverse move, the chances of getting pulled off by an unyielding belay are good when there is adequate communication and almost guaranteed when there is poor communication. Both of these situations often lead to the second hanging in space, which brings me to the next comment.
In some situations it can be very difficult to release and lower a hanging climber, and some users don't know how to do this and/or do not realize the potential for dropping the second while doing so. I also know of two cases in which it was impossible to unlock the belay and the belayer had to go through a full belay escape process to get the device out of the system entirely. (Fortunately, the belayers in question knew how to do this.) These cases happened because a fall pinned the device against a rock feature in a way that prevented the tilting required to release the belay.
Finally, the proponents of the guide plates, and there are many, encourage inattentive belaying by promoting the use of belay time for other activities such as refueling, hydrating, changing clothes, arranging dinner dates, updating stock portfolios, and god knows what else. Actually attending to the ropes becomes just one of a host of activities the belayer is engaged in, and no matter how many protestations to the contrary are offered, this cannot be a Good Thing.
On straight-up vertical-or-less routes in which the second does not mind climbing with tension some of the time and the belayer actually pays attention to belaying, the guide plates are ok.