Dunguib got a leg injury during the summer, for which Philip Fenton ruled him out for the entire season. The plan was indeed to go chasing, and as far as I am aware, he is set to resume in Autumn 2012.
However, realistically to expect a 10 year old to become a top novice chaser is a big ask, and I suspect he will struggle to make an impact. Lovely horse though and I've a lot of time for him.
Hoping they bring him back over hurdles and just let him enjoy himself again, injury-free. I think he could have place claims in a weak champion hurdle if he was at full tilt (aside from Hurricane Fly, this years looks wide open). He could certainly still win some good Irish races.