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NVIDIA said at GDC, at some other point, that DX12 has been in development for about a year, not 4.
Based on the article you are correct ... a year ago is when Nvidia started their collaboration with MS
Time will tell, but seems Nvidia may only need a driver update to achieve similar performance gains in DX11.For the past year, NVIDIA has been working closely with the DirectX team to deliver a working design and implementation of DX12 at GDC
http://www.guru3d.com/news_story/nvidias_tba_dx11_will_be_better_than_mantle.html