Canon EF 50mm f/1.4 Replacement Ready? [CR1]

We're told that the replacement for the 22 year old Canon EF 50mm f/1.4 is ready for production and could be announced any time within the next few months.

• Ring-type USM
• DOF scale will remain
• Closer minimum focusing distance than the current lens
• No IS

This is the first mention we've heard for this lens in a long time and it comes from an unknown origin, take it with the appropriate grain of salt.