These cranksets are to replace FSA's current '494' 2x9 cranksets with 4 bolt 94mm BCD. These have 44/29T chainrings.
With the new smaller '386' 86mm BCD they are able to use a smaller 27T inner chainring that could not fit on the larger 94mm BCD.
FSA also showed off their latest range of 2x9 mountain bike cranks which use a proprietary ‘386’ spider configuration (three bolts, 86mm bolt circle diameter) instead of the previous version’s 94m pattern. According to FSA, this allows for smaller and more versatile inner ring sizes than before and the new cranks will be fitted with 27/40T or 27/42T sizes.
FSA will offer the new cranks in K-Force Light carbon fiber and Afterburner hollow-forged aluminum varieties, both in either standard 68/73mm threaded or BB30 bottom bracket configurations. The K-Force Light model will include ceramic bearings as standard equipment, a slightly narrower 164mm pedal stance width, and a trick outer chainring with extra-thick sculpted mounting tabs that yield extra stiffness for improved shifting.
Claimed weight for the complete BB30-compatible version is around 680g and suggested retail pricing is right around $1 per gram. Given the roughly two-hour machining time per outer chainring, replacement costs will be pricey there as well at around US$200.
The Afterburner version will offer far better value at about US$270 and just over 700g in BB30 (MegaExo versions will still weigh under 800g). Pedal stance width is a more common 170mm or so and the outer chainring is made from conventional aluminum plate.
Both cranks will be available around the end of June.

FSA also showed off a new 2x9-specific mountain bike crankset with a proprietary 3x86mm bolt circle diameter.
Photo ©: James Huang/Cyclingnews.com

The top-end K-Force Light version uses an extra-beefy outer ring that starts out as a 10mm-thick aluminum plate.
Photo ©: James Huang/Cyclingnews.com

Chainring bolts enter from the backside and thread directly into the outer ring.
Photo ©: James Huang/Cyclingnews.com

The Afterburner 2x9 is definitely a better value costing just over a third that of the K-Force Light and weighing less than 100g more.
Photo ©: James Huang/Cyclingnews.com

FSA launched a new bolt circle diameter at Sea Otter for double mountain cranks, called 386. (Three bolts - 86mm BCD design.) Two models will be available, Afterburner and K-Force. | Photo: Matt Pacocha

The 386 cranks are available in MegaEXO and BB30 options. Both cranks are 9-speed compatible, with a 10-speed version undergoing testing. | Photo: Matt Pacocha