I am also interested in understanding the high availability options.
I found the following in the IPS V5 datasheet:
Auto and manual sensor bypass configuration-High availability can be achieved through numerous mechanisms for Cisco IPS sensors. Resiliency and redundancy can be delivered through unique network collaboration, for example, hot Standby Router Protocol (HSRP) configuration and Cisco EtherChannel® load balancing on Cisco Catalyst switches to divert traffic to a secondary IPS device upon the failure of a primary device.
I would like to have more info about how to divert traffic to a secondary IPS device; info about HSRP and EtherChannel load balancing as it relates to IPS. Is this HA option only available in bypass mode? Thanks.