This is very bad...
Very bad for Canon to not have fast FF body for sports and with good video!
Just assuming that the majority of sport users use a crop of some kind 1.6/1.3 for their sports and the 7d or 1dm4 fit that bill.
I would also assume the 7d wouldn't be on the same cycle as the xxD but the 5d as from their recent release of the 60d it seems the 7d is more geared towards the prosumer market with the 5d series so maybe 2.5-3 years?
I got a gut feeling they may be trying to move into medium format with the 1ds series, but I'm not sure if that makes quite much sense economically and with the limited number of lenses there would be to use.
In regards of the possible upcoming press release, it'd be funny to see a stripped down T2i or T2 version like the XS with a 24-70 IS or 14-24 lens attached to it. However since the recent lens press releases have mainly been all EF with the very slight exception of the fisheye, maybe the other lens release will be some ef-s 30/35 prime or that supposed 60mm 2.8 IS II macro lens?