It looks shite. Bad Photoshop. Take a look at the clutch for example. On the steering bars we see an hydraulically operated clutch. On the engine however we see a cable operated clutch.
Furthermore, where is the fuel tank? As we all know from the F800 engine pictures we all have seen before, the intake ports point upwards. So the airbox has to be where the 1200's fuel tank is.
So my conclusion is: this picture tells us nothing. It's definately no spyshot.
Next please!