So we're now into the 13th issue of The Flash, written and draw beautifully by the team of Francis Manapul and Brian Buccellato and people still have some unanswered questions, some involving the third Flash Wally West.
Now for the most part we're seeing the West Family start to unfold slowly, first with the character of Iris West, Wally's Aunt, and now, first introduced in the Zero Issue, Danny West. Now who Danny will become I have a few suggestions, but I don't think you guys want to hear them. Instead I'm just going straight to the point in saying that with all of these introductions and the (hopefully) impending return of Iris West from the Speed Force we'll be able to see the new-52 introduction of Wally West. Now all we have to do is ride the wave in hopes of seeing him soon.