It does not support SLI (by definition) but it does work on 2 cards in the same system by setting the machine ID much like the other clients. It's worth noting that both cards don't need to be the same either. I don't have more more information than that unfortunately.
In terms of performance, even if they aren't working in SLI mode they are both sharing the same system resources which, while doesn't seem to be a problem at the moment, the initial consensus was that the GPU performance would be CPU limited.
How true that is at the moment I don't know, because the Nvidia client seems to be very light on CPU time. Much lighter than the AMD client/core.