DX 11.2 will work on DX 11.1 hardware too. The diference is that not all features are available! But can I say a card without those features supports DX 11.2??
Kepler for instance, it has no Tier2 support. Can I claim this card supports DX 11.2? I think not!
Question is: To use DX 11 you need DX 11 hardware support, and to use DX 11.2 you need DX 11.2 hardware support. Yet Microsoft claims 80% of all currently sold cards will support DX 12.
I do not doubt new features in DX 12 will eventualy require specific hardware that not all (or even any) current cards support. But with current claims I doubt that will happen on the first DX 12 release. Maybe on future revisions (that may appear at almost the same time as DX 12).
From the DirectX developers blog:
Q: Should I wait to buy a new PC or GPU?
A: No – if you buy a PC with supported graphics hardware (over 80% of gamer PCs currently being sold), you’ll be able to enjoy
all the power of DirectX 12 games as soon as they are available.
http://blogs.msdn.com/b/directx/archive/2014/03/20/directx-12.aspx
But feel free to correct me.