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Also of interest:
* What kind of hammock and were the suspension lines stock or DIY Install?
* How old were the suspension lines? (Suggesting maybe the sheath simply rotted to the point of failure)...

You would be correct that it shortens the maximum possible distance between tress. However, it isn't a permanent setup, so if I found that I needed more length then I could either remove the rings...

It actually is a single shot of rope, I just found that due to the size of the rope I couldn't use the rings any other way. truly the only benefits for me would be that the rings are semi-permeant...

http://www.hammockforums.net/forum/picture.php?albumid=2266&pictureid=15983
http://www.hammockforums.net/forum/picture.php?albumid=2266&pictureid=15984
Imagine the 'biner is attached to the tree...

I use rings as well, and on the HH ExUL the stock suspension lines are 'small' enough that I almost couldn't use the rings due to the amount of slippage (dang near wouldn't hold any weight). I tried...