In reply to Robert Durran:
> Don't the magnets simply help guide it into place rather than actually hold it together?
yes and no.
As per Petzl instruction the magnets should also close it (so guide plus close), but the actual buckle keeps it closed. Fine idea, but then the closing mechanism needs to be so delicate, that if you close it by your self, there is a risk of breaking it... I know as my wife has managed to break 2 (Petzl always provided the spares, but I recall it was a major PITA to swap).
And when you add some magnetic grit to the mix, then it won't close, so you try to close it yer self -> buckle broken.
Imho nice idea, but bad execution... Still, my orig. Sirocco is going strong after quite a few years (still using the original buckle).
So keep it clean, and don't fiddle it (let the magnet close the latch).