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OneWorld Booking Question

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I'm going to be booking a OW190C from Jan '12 - Jan '13. I did some searching throughout these forums but I couldn't find an answer to something I was having an issue trying to resolve in my head.

In short how early do you actually book your trip/itinerary with an agent?

If I understand correctly, tickets are only good for a year from the date issued (not the first flight). Plus, with airlines only loading their inventory ~330 days or 11 months in advance, how'd you book those legs toward the end?

It just seems like a bit of a crunch trying to book a 12 month RTW trip when you only have 11 months of inventory at a given time with the ticket only valid for 12 months from date of issuance. Something seems strange.

Its as if I'd have to book my flight the day I depart (which considering I'm dependent on award availability seems quite challenging).

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