As of this writing, Stuart Johnstone says they're facing the "good problem" of staying on top of their production-line demands. He reports two-dozen boats have been ordered thus far and two U.S. fleet deals, of six or more boats each, are "in the works." As many as 15, he says, will be finished by the end of this year.
Back to the question of whether the 111 has the chops to displace the 105, it's safe to say, "not likely," and that too, is a good problem for J Boats. No matter how, or if, the 111 turns out to be successful, the 105, for the time being, remains the quintessential introductory boat to displacement sprit-boat racing: the fleets are active and inexpensive used boats are traded with regularity. But for longtime J/105 owners, I suspect, the 111 is a long time coming—something they can upgrade to without much of a leap. If there's one thing to be said about J Boats' success over the years, it's their ability to keep their owners in the family. It is, after all, a family business.