Oracle announced the new EPM release 11.1.2.2 on 4th April 2012.
It is not yet available in e-delivery.
April 11, 2012 Update: You can download 11.1.2.2 from edelivery.oracle.com now
Please find the official announcement here:
Some articles on the new features and what to expect in the new release.
It is now available for download from edelivery.oracle.com
Good post.
Looking for details about the latest release..updated version!
http://www.infotechlead.com