Continental is aware of the problem. They've not had any official (or even unofficial) statement on the matter. If I hear something I'll let you know.
I was told today that it is actually also an internal problem, they have G class but not M class available. The (great) agent I was talking to said that (while looking at availability for me), there was a flight she couldn't see but was available on co.com, and she was sending a note to IT. On the upside, I'm going to TLV at the end of the month on standard BF (though the SFO-EWR-SFO parts are in Y)...