I can't imagine it being a year for the fixed lens scarlet, no way, no how. That's really pessimistic. If they're doing at all well on it, they are ironing out details, hopefully, that will make it ready out of the box, which is what it sounds like to me, and that's one reason for the delay.
I would certainly hope it will be available no later than six months from now. I am not sure what workflow I'll go with or camera for my feature if they can't get the S35 out in time. I was aiming to shoot July 1, 2010. We'll see what happens. I'd be ok with using a RED One of course too, but would rather not. I'd rather just own the camera.