G'day Bobjam, and welcome. Nice post.
I agree, very naive to assume all you have to do is wait to 2012 and collect your $1+ for Beppa. I find it annoying when people talk about the 4c owing on Beppa as a way of comparing the price with the ords. Beppa is a totally different animal.
So, how do you see Beppa playing out?