Thanks to sharp-eyed Steve Trimble at the Quad-A show, and his The Dew Line blog, we now know about Bell Helicopter's Hybrid Tandem Rotor (HTR) concept.

Concept: Bell
According to Steve's interview with Bell's exec VP for government programs Robert Kennedy, the HTR could achieve a forward speed of 225kt, compared with around 170kt for a conventional helicopter and more than 300kt for the V-22 tiltrotor.
Exactly how it works is not clear. To me, it looks like a compound - the wingtip engines providing thrust as well as driving the rotors. So in forward flight, the wing would offload the rotors and allow the machine to reach higher speed before retreating-blade stall sets in.
[UPDATE - Steve now tells me the engines purely drive the rotors, V-22-style, so that means the rotors have to provide all the thrust. Which makes the concept even more baffling to me.]

Concept: Bell
What I can't work out is quite what happens on takeoff and landing. Apparently the wing tilts by 25 degrees and it looks like the rotors tilt forward at the same time, to stay essentially flat. My best guess is tilting the wing up reduces download in the hover, and increases lift in STOL operation. In vertical flight most of the power would go to the rotors, which would work like a conventional helicopter's.
This is speculation, of course. I suppose I will just have to ask Bell...meanwhile I'm hoping there is a rotorhead out there who can tell us how it works.
As the aircraft enters forward flight, the wing is lowered, and as a result the rotors tilt 25 degrees forward, providing thrust and lift, and some lift is also provided by the wing. Counter rotating rotors couteract any retreating blade stall problem
My question is how does the craft recover from vortes ring state during high rate of descent. The V-22 can simply "blip" the nacelles momentarily to bite into clean air. This design cannot.
Keep us posted.
also, why would a hydraulically pivoting wing be any less complex than a hydraulically pivoting nacelle?
and last but certainly not least, how does this thing autorotate any better than a tiltrotor?