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Here's the other side of the coin: if BMWNA knews for absolute certain today/right now they will not be making any 2012 1M's, why not just come out with it and build the hype even higher to drive today's interest and prices up? (ie; "no 2012's! 2011 or bust!")
To the best of my knowledge, they haven't done this, because doing so would make them look like liars being purposefully deceitful to mislead people, (if they did in fact make a 2012 car), and they're not going to go that far and risk ill-will with outspoken niche buyers who would absolutely call them on it.
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