Vancouver Motorcycle Show - BMW G650 Xchallenge

Another new BMW. This is a single-cylinder 650cc dual sport / enduro bike. It's got an air shock in the back, just like it's bigger brother the HP2.
Word is that it'll be around $11,500 (Canadian $) when it comes out this spring.
Could this be an entry-level HP2 for half the price? I think so.