Hey Meckenza!
Just a little clarification of HPL's answer. 
He is correct in saying that flux flows to the left in the solenoid. However, don't think of it as there being an imaginary south pole on the inside of the solenoid. 
Instead, consider it this way. A solenoid with a current flowing through acts as an electromagnet, and behaves very similarly to a bar magnet (especially for your purposes). For a bar magnet, the magnetic field lines form closed loops. That is, magnetic field lines (which represent the direction of magnetic flux) must always loop back on themselves. We also have to abide by the convention that field lines go out from North and go in at South. Logically, the only way for this to occur and the diagrams to work, is for the lines to loop outwards from North, around the magnet, into South, and back through to the beginning. There is no secret south pole involved, just the principle of closed magnetic field lines applied to a magnetic dipole.
As for your question on momentary vs ongoing repulsion. As the magnetic field turns on, the Eddy Currents flow to cause the ring to be repelled from the solenoid, as HPL discussed above. Now, the magnetic field stays the same, we have a DC power supply so once it is on, the solenoid acts as a bar magnet. This would lead me to believe that eddy currents stop flowing and the ring falls back into place after a momentary repulsion. That your answers suggest otherwise is interesting, it is definitely not what I would say would be occurring... I'm not sure!