This excerpt taken from the HMC 6-K filed Jan 19, 2006.
Expanding Product Lineup
Beginning in 2006, Honda is planning to introduce an all-new commuter model equipped with a compact water-cooled engine and an automatic transmission. Moreover, Honda plans to introduce a family type model equipped with a super-low-friction engine to improve fuel economy by 13% (vs. 2005 level). Further in the future, Honda plans to introduce a more casual and easy-to-ride commuter model to cultivate new market demand.