I say it's still possible. They may be waiting for more fan feedback like with the DRM situation and indie support before going ahead with the upgrade.
If they really wanted to be aggressive they could launch with 8gb and simply offer upgrades for early adopters to the 12gb unit a few months later.
Devs are receiving final devkits so really I think that the time for feedback is over.
Also MS is not going to release a 12Gb XBO at a later date.
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