Shimano has announced an 11 speed internal hub, primarily for upscale commuter and light touring bikes. The gearing range will be 409% (Alfine 8 speed is 307%). The hub runs in a oil bath similar to the Rohloff Speedhub, and should result in higher efficiency and longer service life. The price will be 300€, set for European release in September. If this hub proves strong enough, it may be a cheaper option to the Rohloff for no-derailleur off-road applications.