Same boat here re: waiting.
Brammo knows that Zero is taking payments for preorders for the 2012 bikes in January, and has commited to shipping in volume in February. It's even possible that Zero's very best dealers will have early access to a limited number of bikes..
I expect (and hope) that Brammo will commit to a release date and deliver final specifications for the Empulse before that time. If they are producing bikes in Q2 then they must be finished with the design by now, and are holding the final specifications close to their chest for whatever reason.
The other scenario is that they've hit some roadblock: technical, logistics, or legal. We know the Empulse did not ship last year, we know that the official reason was the IET, and we know that they are no longer planning to use Leyden Energy battery cells.
It seems to me that Brammo is making a play for big time production - high-risk, high-gain. They've lined up serious investors, they've made partnerships with Flextronics for local assembly (er, nevermind that the 2012 US bikes will be made in Hungary). IET could be a performance game-changer.
First they have to ship. They shipped the Enertia, so they have a track record. But so little word on the Empulse.