My understanding isn't necessarily that it involves having sex buddies on the side (which is an open relationship), and is more about 3+ people being involved together. I knew a couple who gave it a shot and they were both equally involved with the third person they brought into their relationship.
Personally, I don't want to have romantic/emotional/financial responsibility to more than one person at a time, which is the most logical argument against it that I can think.
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