I'll wait till the car is unveiled and we get an idea of the pace, even if we have to wait till Australia, but i think missing the first test is a very strange and illogical decision.
it was clear last year they had 4th place in the constructors from quite an early stage, they should of thrown everything at 2012 and been ready out the box to use up all the track time they could, i dont hold much hope...but id like to be wrong, would be cool to see the mercs up there.