What FD do you have?
That's exactly how my Fargo (Ti, Small) was set up by the shop. My drivetrain is all XT. I think it's kind of ugly and hangs out to the side a bit much. I'll see about uploading a photo.
The shop owner said that if I switched to a SRAM FD, it has a cable stop built into the derailer body and so I could run housing all the way down, without the PS cable stop. Indeed, that seems to be how Salsa-spec'd bikes are put together.
http://salsacycles.com/files/bikes/bikes_FargoTi_2013_3.jpgstock from 2012. it can be pulled from top or bottom, but i need a back stop or something to make it go. the new bikes use the direct pull spec, which allows the housing to die right into the mech
here's a big reason why i'm moving to full housing:
Singlespeed! by
mbeganyi, on Flickr
mud-bb by
mbeganyi, on Flickr
also, with full frame bags, gas tank, and jerry can, the cables get hung up on the velcro straps and shifting isn't as clean. i'd go gore cables on all my bikes if i could afford it...