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The pinnacle of Ducati’s Superbike offering for 2012 is the Ducati 1199 Panigale S Tricolore. Incorporating the key features from the Ducati 1199 Panigale S, like its traction control (DTC), electronic quick-shifter (DQS), forged Marchesini wheels, and Öhlins-made Ducati Electronic Suspension (DES) front forks and rear TTX shock, the Tricolore package adds anti-locking brakes and the GPS-assisted DDA+ Ducati Data Acquisition system as standard items to Tricolore’s technical list.

Add in bounty of carbon fiber, and a stunning three-color paint scheme (hence the name), and you’ve got a stellar motorcycle that should please all of a rider’s senses. Helping celebrate Italy’s 150 year anniversary of unification, the Tricolore is Ducati’s ultimate expression of Italian design and engineering. Up-close the Ducati 1199 Panigale S Tricolore instantly makes the plain Rosso Corsa-clad Panigale look pedestrian and commonplace, which is a shame. However, if this is the new Corse paint scheme for future bikes, we could get used to that.

I often get lambasted in the comments section for being pro-Ducati here on Asphalt & Rubber, and that’s fine by me, because I am. It’s hard not to like a company that has basically defined the modern aesthetic for motorcycles, or a company that continues to grow despite being in the worst recession since The Great Depression. It’s also not hard to love a company that continues to release, year-after-year, new compelling motorcycles, as is the case today with the 2012 Ducati 1199 Panigale.

Teased ad nauseam, the Ducati 1199 Panigale shouldn’t disappoint the discerning sport bike rider with a strong appetite for Italian food, as the latest v-twin from Bologna sets many firsts for the superbike market segment. As we predicted last year, the Ducati 1199 Panigale drops 20lbs off the Superbike 1198’s design (22 lbs actually), while making an extra 20hp over its predecessor. Not only is the 1199 Panigale the lightest production superbike on the market, with its 361 lbs dry weight (414 lbs wet), it’s also one of the most powerful with its 195hp peak power figure, courtesy of the Superquadro motor.

Other firsts include a revolutionary monocoque frame, the first full-LED headlight on a motorcycle (another story we broke), the first electronically adjusted suspension on a sport bike, the first engine braking control system, as well as the first GPS-assisted data acquisition system for a production motorcycle (the DDA+ package is an optional equipment item for the Panigale). While traction control comes standard, ABS brakes will also be an optional item for the Ducati 1199 Panigale.

Available in April 2012, as we expected the new Ducati 1199 Panigale has gotten a price increase over the Superbike 1198. Accordingly the base model will cost $17,995, the “S” will cost $22,995, and “S” Tricolore will hit the wallet at $27,995 MSRP.

Asphalt & Rubber is in Milan right now, and in a few hours we’ll headed over for the official launch of the 2012 Ducati 1199 Panigale. However, we might as well stay in the hotel and do grappa shots until our eyes bleed, as the sport bike of 2012 has already unsurprisingly leaked ahead of its official debut. Not only do we get our first glimpse of the new flagship Ducati, but it looks like the Ducati 1199 Panigale will have optional anti-locking brakes (ABS) and Ducati Electronic Suspension (DES).

While it was only a matter of time before Ducati put ABS on its Superbike line, the electronic suspension package on the Panigale (note the wires going into the top of the fork tubes), which originally made its Ducati debut on the Multistrada 1200, is the first time the technology has made its way onto a sport bike. Expect full-details and photos in a couple hours, until then salivate after the jump.