What will be the fastest board and sail in 2012?

Probably the one with the best sailor on it.

What about the luck of getting the right conditions

+ 1 and eats chop for breaky

anyone else find sailing in flattish water or off-shore conditions boring as fk?

have not sailed at Sandy Point, but if it's as flat as Point Walter, then after 5 minutes i'm bored.

curious to know, what is the the mindset of someone that sails in a mill-pond?

I never get tired of sailing on really flat water. But speed sailing is not really about sailing flat water at all.
You never get mill-pond flat water in conditions where sailing over 45 knots is possible. In these conditions it is razor edge stuff and the adrenalin is flowing freely. When you get to top speed you are hammering over following chop and can have a painful spin out and crash at any moment (just ask Peter J! ). By the time you have peaked the water is usually big, close and confused chop and stopping without wiping out is a huge challenge. No way you can get bored with that stuff!
The pictures you have seen of speed sailing at Sandy Point are very deceptive.
I don't think there has been a picture taken yet at Sandy Point which shows the true nature of the water state and the speed at the fast end of the course in record conditions. Every photo and video I have ever seen is taken at the run-in end of the course where the water is very smooth and most in pretty mild conditions. Lets just say that in 45+ knots conditions, most photographers are heading for shelter from the stinging sand and trying to protect their expensive equipment from the extreme elements. Not to mention the daunting slog on foot through ankle deep soft sand for more than a kilometer to get into position. Very few have attempted it.
BTW: To all you budding sports photographers out there, here is a big opportunity for you to make a name for yourself.

Stop feeding pm33. He doesnt sail downwind cos he gets too scared

The fastest regardless of what it was designed to do. A speed board will most likely be fastest in perfect conditions but then you have to get perfect conditions.

You will never be if you don't dream you will be!

It will be too late then!