Best as I can understand, the benefit for a non SLI system is that one +12V rail goes solely to the CPU (although this might differ dpeending on the board manufacturer), and the other +12V rail goes to the motherboard and all the components connected to the motherboard. Because the CPU gets its own rail, there won't be a hiccup in power delivered to it even if something else in the system suddenly drains a lot of power.
I could be wrong, but that's my thinking.