Dreadnought C resolves and you must sac it unless you sac 12 power worth of creatures. You decide to sacrifice it. The ability does nothing since the Dreadnought C is not in play. Same thing goes for Dreadnought D.
~Oracle Text:
When Phyrexian Dreadnought comes into play, sacrifice it unless you sacrifice any number of creatures with total power 12 or greater.
I now see where the confusion comes in. Previously, the ruling for dreadnaught says that you must TRY to sacrifice up to 12 power worth of creatures. So if you had say, a LLanowar Elf, you would be FORCED to sacrifice it, even if you can't come up with 12 worth of creatures.
I'd still like and official official ruling on this. I still think that initially, there are 4 dreadnaught's in play, and each ability demands a sacrifice of it, or 12 worth of dudes. When C resolves, C is gone, but the demand for 12 is still there since you can't sac C at this point.