I'll go with $1.10 (higher share count on similar sales to Q1).
The 2Q11 diluted share count for the GAAP EPS calculation will be only slightly higher than the 1Q11 count. (The difference stems from the higher average share price during 2Q11, which caused more options to become in-the-money for the EPS calculation.)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”