I received this from Zeiss today......
I will be selling the lens for $877
-Rob

A new compact telephoto lens, Tele-Tessar T* 4/85 ZM, fits
perfectly to the popular ZM line of lenses. Thanks to its small
size, this lens is ideal for portrait and landscape photography.
Together with the compact C Biogon 4,5/21 ZM or C Biogon
T* 2,8/35 ZM lenses, the Tele-Tessar is the perfect equip-
ment to travel with, providing fascinating picture taking possi-
bilities.

Despite its compact design, the image quality of the Tele-
Tessar T* 4/85 ZM is by no means inferior to that of other
lenses in the ZM line. The lens is almost distortion-free and
features excellent field curvature correction. Its shortest pos-
sible distance setting of only 0.9 m / 35.4 ensures maxi-
mum diversity of use. Its all-metal mount and sturdy design
make it a multi-purpose lens for a wide variety of applica-
tions, even in tougher conditions.

Delivery of the Tele-Tessar T* 4/85 ZM in silver or black fin-
ish is scheduled to begin by the end of the year. A dedicated
lens shade will be available as an optional accessory.