This is an interesting development as it may further substantiate reports that the Isle of Man TT & Manx GP will not be run after the 100th anniversary of the event in 2007. This new event possibly cited as a "new" location for the event rather than complete abandonment of the event.
We lost 6 racers at this year's Manx GP, a couple long-time friends. All, but 1 were very experienced at the Isle of Man and this raised even greater speculation that the event would be cancelled after it's centennial event.
Can't wait to see how this develops. It would certainly be nice to have an event like this in North America.