P4

 The Felt lineup had that last year.

That is what I thought too until I went to the website and checked out the detailed images of how they did it.

They have a cutout behind the bottom bracket where the calipers sit and the brakes are effectively inside of the chainstays. It looks like there is a little cover for the cutout to smooth things over. (Letting the BB completely hide the whole mechanism from the wind)

Felt has the brake above the chain stays, the P4's are IN the chain stays. 

It's a fairing.  It's to smooth over the air flow to that area and reduce abrupt changes in shape.

Ehhhh.  The hidden rear brakes are interesting, the shaped fairing, ala Specialized is nice.  The waterbottle.....Buy a P3 and a Speedfill, and you'd have 2x the capacity, for $1000 less?

I hate to say it, im disappointed.

Agreed.  It doesn't do that much for me right now, but some of the other bikes have grown on me more.  Maybe this one will, too.  Definitely out of my price range though.

It's a nice bike, really "simple" paint scheme for what I'm used to seeing in cervelo's.  It is definetly out of my price range.

Hopefully we will see some used  P2's and P3's for sale at a decent price.  Just need towait until december, when the P4 becomes available.

3rd.  Blah.  Nothing new.

Of course, I'd gladly take it if you gave it to me.

I can't say I like it much.  It's kind of flimsy looking.

It's obviously been designed to act as a pure TT bike rather than something you're likely to see at long distance triathlons.  The 570ml water bottle is ample for any TT (TdF, Olympics, Worlds etc.) but for anything longer (such as an IM) then you're going to have to use some kind of behind the seat system anyway.

Unless nobody buys the P4 because they don't like it, in which case they will have to continue to make money on the P3...

Luvs it...  I love the geometry, clean lines, graphics and color.  It's simply elegant.  Maybe by 2010, I'll have the funds and have completed my pilgrimage to Boston... The 670mL bottle is about 19.2oz, similar to a standard caged bottle.  Perfect for an oly, as with this ride, the 24.9 miles would be over in 60 minutes! 

I'll bet that is more than 1/2 the plan based on the pricepoint of the frameset.  They aren't expecting to make many.