The experience of two years of operation of the ESRF Dispersive XAS beamlin
e is reviewed. The examples of experiments performed show that the advent o
f third generation sources has given a new perspective to the field of X-ra
y absorption in the dispersive mode. The achievement of an aberration-free
horizontal focal spot of similar to 20 mu m FWHM has opened up unique possi
bilities for performing X-ray absorption studies in extreme conditions of t
emperature and pressure. The implementation of quarter wave plates has allo
wed extremely accurate XMCD and nanosecond-resolved XMCD using the pump-pro
be scheme to be recorded. However, the reduction of source size combined to
the lengthening of beamlines have introduced new problems related to the m
uch higher sensitivity to beam instabilities amplified by phase contrast ph
enomena. Possibilities for the future have been investigated and shall be d
iscussed.