I think it will depend entirely on the type of front diff they are using. All they are saying is that it is a "torque sensing" front diff. That means it will not be like the Can-Am Criscolock, which is a speed sensing front diff.
There are torque sensing front diffs that are equal to a locking front differential. Something like a Truetrac or a Quaife for all intents and purposes actually do "lock" the axles together via worm/planetary gears instead of clutches.
However, I bet it is a standard Honda Trax-loc, which isn't geared, it is a roller clutch.
2014 Honda FourTrax Foreman Expands TraxLok 4x4 Capabilities When one wheel starts to spin faster than the other, it will engage and lock them together up to a limit of XXX ft lbs of torque and then it will start to slip and only one wheel will drive. I believe this new system will then apply the brakes to the spinning wheel, which should will likely then allow the diff the opportunity to "lock" again and hopefully get both wheels spinning again. Same as the "one weird trick" Honda ATV method of getting both wheels to pull at least until the same conditions stop the wheel spinning again.
The big advantages is that it will probably give you some % (Who knows, maybe 90%) of the ability of a locked front Diff without needing to stop and more importantly it will protect the front diff from damage since it will slip before it breaks. It will also be easier to steer the rest of the time.
Honestly a locked rear Diff and 3WD will likely get you out of and through most problems out there and a mechanically locking front diff is really handy in only certain situations that if you normally avoid, you won't need anyway. Plus, other than some very specific conditions, you should probably use a winch instead.
Honda probably knows that most of us (myself included) aren't going to be doing things in their $20k SXS that will need a locking front diff.
And honestly, if you are going to be doing those things, the weak point is going to be the Honda DCT clutch design more than the limited slip front diff and you should really go with something that uses a different design "clutching" system that will give you more instantaneous torque and constant power band (like the snowmobile clutch) for mudding or something like a torque convertor for really slow rock crawling.
I think that the i4WD Honda will sell well. Especially to people who really like the "set it and forget it" systems that Can Am and Polaris use.
I think Honda missed the boat however and should have made this the default 4WD mode but then added a true locked front diff that would have disabled the i4WD. They could have said, "See we give you what Polaris and Can Am give you but we also let YOU be in control" and had something that was vastly superior to both. That said, the i4WD will be similar and superior to the Polaris ADC/EBS system going downhill.
Info on different limited slip front diff designs:
Limited-slip differential - Wikipedia