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@RSMick According to PBM themselves their own bike won't be ready to race until 2014. Even then I'm doubtful. PBM have no experience in building a chassis from the ground up let alone an engine and yet here they are claiming they are going to build their own chassis and engine.
I doubt they could build an engine that would comply with CRT regs, R&D costs being what they are the unit cost would be way above the claiming price. So they're talking about building an engine from scratch in two years that can compete with the likes of Honda and Yamaha. 10/10 for ambition, but 0/10 for realism.