To second John's comment, yes this is real & about to happen.
I live in Hangzhou about 45 minutes from Arkmodel's factory & see Feng every few weeks. He belongs to our local RC sailing / scale boat club, West Lake Irregulars, & has been kind enough to develop this kit for us.
I have his Type 39 Song & have seen the new 212 up close & personal a few weeks ago. Its very nicely detailed & already on my wish list. The Foxtrot will be as well detailed but of FRP, not the ABS like used in his mass production kits.
Their website is fairly limited in the range of what you'll find. Certainly you won't see a Foxtrot there since this was just committed less than a week ago.
From the replies I've received since Friday's post, we have 7 confirmed buyers & more than a few others thinking it over. TF72 members are being notified in their April newsletter so I expect we'll hit the magic number within the week.
To make this as efficient & trouble-free as possible, we've decided to think outside the box & are running this as a co-op. I'm the point man who will put down the deposits & manage the project from start to finish. Again, I live in the neighborhood & will be updating status to all parties involved.
If you're on the fence or think you don't have funds, there will be 3 installment payments starting with a $110 deposit to get the ball rolling with an estimated delivery by 1 Sept. A second deposit will be due once the CAD work is confirmed before tooling commences with final 50% balance due at time of shipment. Once this initial run is made, prices will undoubtedly rise so get on the bus while you can.
To answer the question about a local dealer, there is currently something in the works but I can't provide any details since that's between Arkmodel & his pending dealer. I would expect this kit would be part of the offering but its still early in the game.
If anyone here is interested, please get with me at your earliest convenience. Once we have 10 serious buyers, I'll send details to all regarding payment & commence with getting this beast built.
You can reach me either by PM or email at firstname.lastname@example.org
PS - If this works out as nice I as I think it will, we'll already thinking what could be next. I've been lobbying for a 1/48 U-35 (WWI), Feng's partial to PLAN subs & has been thinking Han class, who knows...