Here is a PowerPoint presentation from Smith and Wesson's recent SEC filing. It outlines many of the companies plans both internal and external as well as the big marketing push that they have in the works. The good news for us (the consumer) is that they are hinting at some cool new offerings in firearms.
They say that they are looking to really push their M&P brand as well as introduce several new and "exciting" polymer pistols for concealed carry and personal protection. There will also be offering many new calibers and models in their M&P rifle line (both tactical and hunting).
Seeing as SHOT 2012 has already come and gone and S&W was nothing to really to write home about... perhaps NRA Show 2012 will have some big reveals.
Anything else I could add at this point would be pure speculation, but with the way things in the industry are trending there are several things that I might ponder that we might see any or all of the following (pretty please?).....
Sub-compact Single stack 9mm
.22 lr wheel gun
.308 caliber AR
.300 AAC Blackout AR
M&P Branded bolt gun
SBR designed for the military or police markets
Only time will tell, but from looking at that outline things do look promising.