At one point Motorola reported that ICS would be coming soon to their devices but It appears that Motorola says If ICS won't make our device better, we won't update to it....
Here is posted possible release dates..

But from what Motorola posted recently on their web site users shouldn't be expecting to get some ICS goodness because it appears Motorola has made the decision that it isn't going to be a project that they plan to work on for any of the Motorola devices that wasn't released with ICS.
I am sure this isn't what some wants to hear but looks like its not in the users hands..

Motorola Official Post....
http://www.motorola.com/blog/2012/05/18/wondering-about-software-updates-for-your-device/
Android Central
http://www.androidcentral.com/motorola-if-ics-wont-make-our-device-better-we-wont-update-it