I've got a Freeride and found it to be a great stable all round board for flat water ( I'm 90kgs) although I'got the Naish Glide for downwinders.
The Freeride is also reasonably quick for a 12'2" board and it is also easy to turn. The board caused more of a stir in Europe rather than here when it was first released. Johnny Maya said he had success racing on it (see past forum post 'Freeride').
It is also considerably lighter than the Fanatic Ray.
if you are around Melbourne I would be happy to give you a paddle on it.
Good luck with your decision.