We may not be getting a whole lot of news regarding Pro Cycling Manager 2011, so while we're waiting, you may want to turn to Cyanide's free online-game 'Cycling Manager Online'.
As some of you may remember, the game was initially launched as 'Tour de France Online', followed up by a Vuelta game and then, in December 2009, a full season-based game.
Much like PCM, you control a team of riders with individual fitness planning, training etc. All stages are simulated, but you can plan the team tactics prior to each race.
I'm not sure how active the game is, but apparently, Cyanide still believes in the project. The game was recently moved to this address: http://cymo.tourdefrance-game.com/
The game is currently in maintenance, but it's expected to be back up within a couple of days.