Just like many here, I am looking forward to having the Q1 GAAP results from 2010 be "erased" from the TTM equation... Q1 is generally the weakest quarter seasonally for the company and we should not expect it to completely smash Q4 results IMO.
The recent additions, combined with rate increases, tells me that we won't see a QoQ NI drop from Q4 to Q1, but I'd be careful in expecting a huge increase.
I hate when I stretch my expectations too far and become disappointed with very good results...Hehe...
With that said, certainly a $3.2 TTM EPS is doable by the time Q1 is reported.