I'd like to add a few thoughts of my own. First off ... the folks that insist on shielding the chain with a contraption (an uncool looking one as there ever was) are closeted deniers. They really want a Gates Carbon drive ... but don't admit it to themselves
Not in my case. I prefer the old-fashioned metal chain, which I can split, repair, and if necessary buy in almost any bikeshop anywhere I have been. I hankered after a chaincase for at least 20 years before being persuaded to take the plunge by Andre Jute's chainglider posts.
I'm flattered.
I'm afraid I'm not one of those who really want a Gates belt, either, if indeed there are any of those after the first enthusiasm of "see a novelty, want a novelty" wears off.
I looked into the Gates belt when it first came out and decided a chain with a Chainglider has another decisive advantage, besides the universal availability Martin points up.
See, the Gates drive has all those transverse ridges to collect dirt whereas the Chainglider is smooth outside and wipes clean easily and quickly (I wipe mine twice a year with a tissue, if I remember), while the Gates drive requires a brush to get the dirt out of all those ridges. Thus the Gates drive is not as clean, nor as maintenance free as a Chainglider, especially for those of us who cycle in street clothes and whose trousers bottoms thus drag against the transmission.
The upshot is that I would want to cover the Gates drive with a chaincase anyway -- and currently there aren't any available that fit as universally and easily as the Chainglider fits a chain. I'm not returning to those clanky Dutch chain cases that require frame-side braze-ons just to use a Gates drive, that's for sure. We'll see how many Gates users feel the same way I do when covers for the Gates start appearing.
At that end of the service life of your transmission, changing the chain can be a filthy job, especially if like me you run the chain for its entire life on the extra-sticky factory lube inside the Chainglider, though nothing else on the bike needs to be disturbed, but changing a Gates drive requires substantial disassembly and reassembly of the bike. I know which job I'd rather tackle in a monsoon in the mud beside a heavily trafficked road on a fully loaded bike.
I do think though that eventually the Gates drive will take over for all but ultgralight outright racing bikes, which will retain the chain because they cannot afford the extra weight of the Gates system or the loss of integrity splitting the rear triangle will cause in an already not overly strong frame. But I'm happy that the chain will see me out.