Sine waves reflect too. I was intrigued so I looked at their website and it looks to me that maybe the bandwidth of the signalling method is limited to avoid reflections. Although they do mention termination:
and also mention that you can do 2000M with terminated bus topology:
It depends on how slew-rate limited the RS485 drivers are, and how long the wiring is. I wonder what the slowest available RS485 driver is? This method however does look quite primitive compared to the Lonworks stuff - it looks like a nice solution. I haven't used it, but did come into contact with it on a project (someone else was doing the lonworks), and I got the feeling that Nueron chips themselves where pretty awful, with the Nueron C. But the networking stuff looks good.
Regards,
Paul.