I have some idea how it works,i'll try to summarise.
ACC uses electromechanical adjustable valves,developed by Ohlins,i've forgotten the name of the system but it's used before by Volvo and other marques.
It's an electromechanical valve,i think it takes about 10ms to make an adjustment,not as fast as the delphi magneride system but the big difference is that while magneride is purely reactive (i think,as it can afford to be because it's so bloody fast-the dampers themselves are capable of 1000 adjustments a second although the true speed is limited by the speed of the processing),the ACC is also predictive in that it takes data from more sensors (body position aswell as wheel position and also driver inputs-steering/throttle/braking),processes all that data through an algorythm and a dedicated computer,and decides the optimum damping for each wheel continuously.i think it's fast enough to adjust the compression and rebound damping seperately up to a decent wheel frequency-not sure though,i'll try to find the article i read about it which gives the frequency.
The delphi,from what i understand just uses wheel position sensors and so is a more reactive system,but it's speed means that it can afford to be.It's also arguably more reliable as it has no extra moving mechanical parts compared to a standard monotube damper,whereas the ACC will need to have motors and moving parts within the valves themselves i assume,which are electromechanical.So ACC is more complicated,there's more moving parts to get stuck/wear out/generally go wrong but i like the idea of it collating all this data and deciding the optimal damping,it sounds cool,like the eurofighter or something

,you know that when you turn in to a corner it's already adjusted the damping in anticipation,even before the suspension has loaded up-i think that's cool anyway.There's a video on VWs site somewhere showing how the system works,i'll find it and post a link.
Magneride essentially is a conventional monotube shock,but makes adjustments by altering the viscosity of the damper fluid (electromagnetically),so the vavle itself doesn't adjust,just the effective viscosity of the fluid.Since it's not mechanical,it can make adjustments very quickly (electricity is quite fast

) and so doesn't need all the additional data input from additional sensors,it can react so fast that it's able to control the damping optimally for each wheel from data just from 4 wheel position sensors.It's fast enough to adjust the compression and rebound damping sperately,from what i can gather,for each cycle/oscillation of the suspension up to a high wheel frequency since it's so fast.
I'll have a hunt for some articles,which can explain it better.