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Does SQL Server 2012 Standard Edn support OLAP Cube Development?

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Currently I have a number of sites that are using the OLAP Cubes on a SQL Server 2008 R2 Standard Edition.  I am currently setting up a new site with the same OLAP cubes, but I have been told that SQL 2008 can no longer be purchased.  I have not tested the SQL 2012 version yet and am unsure if the SQL 2012 Standard version supports the analysis services or do I have to purchase the Business Intelligence Edition for typical Analysis Service&BIDS?     

I have been told that If you purchase a Volume License SQL Server 2012 Standard Edition, then it you should be able to download the SQL 2008 R2 version as a downgradable option from VSLC, can anyone confirm this?

Any help would be appreciated, as I have read the edition breakdown of the SQL 2012 Standard and it mentions "Reporting and Analytics", it is not clear whether it supports the typical BIDS and OLAP cube deployment.

Castor


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