In a way, the motorcycle industry is much like the automotive industry. While I can't tell you how long it takes to take a new bike from the drawing board to the production line, I can only "assume" that with all the EPA regulations, tooling costs and all the other elements involved in the production process, that like the car industry, it takes quite a bit of time to bring a new bike to market.
I can only guess that the motorcycle companies, like the car companies, got caught off guard when gas prices soared last year and were not prepared for the increased demand for affordable, high mileage bikes. I do know that when the gas prices hit the $4 level, there was a large demand for scooters and smaller CC bikes. Dual purpose bikes also reported increased demand. While gas prices are more affordable now, many experts are predicting this is a temporary decline and they could soon rise again.
Then, when the economy started going down the toilet, and few if any of the manufacturers saw this "perfect storm" approaching, we have to feel the pain of the manufacturers for not having the right product at the right time. These current market conditions caught even the most savvy investors off guard.
Personally, I would like to see Victory produce an entry level bike. I remember one thread where the poster stated he would like to see a smaller scale, Vision style bike for the entry level market. But if I can make some assumptions for a moment and say that it takes a minimum of two years to bring a bike into production, if you turn the clock back to 2007, the demands of the potential purchasers were different than they are today. With that in mind and from reading numerous posts about the rider's desire to have a new bagger, I can only "assume" this is what is coming from Victory in 2010 and not an entry level bike.
When you look at H-D's new 883 Iron, there's really nothing new here. It's built on an existing platform with an existing engine. While I don't have all the details, it appears to be a stripped, naked 883 Sportster that carries an affordable price tag. If my "assumptions" on this bike are correct, the time it would take for a manufacturer to bring a bike like this to market is months, not years and it's simply a reaction to the current market conditions.
Possibly, that's what Victory is thinking with its CORE concept bike. Maybe the CORE is Victory's way to develop a new platform that can be built in numerous configurations and allow them to build it in many different ways...similiar to what the automakers do with car chassis.
It would be nice though for Victory to have an entry level bike in the showrooms today. But I can only guess that like other manufactures, they are more concerned about moving out the existing inventory and not accumulating a stockpile of bikes collecting dust in the warehouse. I can only predict that some creative purchasing/trade-in programs are on the horizon for the riding season, but like much of what I've stated here, this is purely speculation.