Although, Motorcycle Online dug this out before we did (congratulations, MO), this purported photo of the next-generation ST1100 (claimed to be 1300cc) is now all over the Internet, including discussion sites for ST enthusiasts.
Rumored to be a 1500cc V-6, the latest information indicates that Honda will stay with a V-4 format. This photo, if genuine, would be a Honda Europe studio photo of the bike, which should be officially introduced in the next couple of weeks. Called the Pan European in Europe (note the designation on the fairing), it should be called an ST here in the States and would likely be a 2003 model (since Honda has already announced a 2002 ST1100 carry-over model). This new machine is also rumored to have VTEC, a Honda variable valve timing design used in Honda automobiles for several years.