No problemo ... Canon can take as long as they want, as long as they release the best 7D II to knock the socks off the competition.
And if they are truly delaying the 70D announcement to incorporate a new & improved sensor, I'm all for it. I'm looking for a new crop backup and don't need a APS-C mini-1DX (the rumored 7DII).
5D mark 3: R14/2.8, 24mm f/2.8 IS, 35mm f/2 IS, 50 1.2L, 100L macro, 85L, 135L, 300mm f/2.8 ii. 8-15L Fisheye, 16-35L, 24-70L II, 70-200L IS II, TAM 150-600mm, 2x600ex-rt
EOS M: 18-55mm, 22mm
SL1: 10-18mm IS, 18-55mm IS