Apparently, a deal has just been done for the F1 championship next year and there will be no breakway championship. Max Mosley will not be seeking re-election as FIA President:
http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/8116756.stm
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Rennteam Moderator - 997.1 C2S Coupe GT Silver/Cocoa, -20mm/LSD, PSE, SportDesign rims, Zuffenhausen collection