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This weekend’s Australian Grand Prix at Phillip Island is going to be a very Australian affair, more so than most other years. For one obvious reason: this is the last chance to see Casey Stoner race a Grand Prix motorcycle at the iconic venue before he hangs up his helmet and retires from MotoGP. Record crowds are expected, and local media coverage has expanded as everyone gathers to say goodbye to the latest in a long and honorable line of Australian Grand Prix champions who have left an indelible mark on motorcycle racing.

The weekend started off with Stoner’s name being added to those of Wayne Gardner and Mick Doohan, in a ceremony to rename Turn 3 Stoner Corner. Gardner’s name has been given to the front straight, Doohan’s to Turn 1, and Stoner’s name follows after the Southern Loop. It is a fitting tribute to the man who has started from pole four times in a row, won here five times in a row, and achieved some remarkable feats in MotoGP.

Honda is set to debut a number of 500cc machines at EICMA next month, two of which we have already glimpsed: the Honda CBR500 & Honda CB500R. Joining the smaller sport bike and street-naked is is the Honda CB500X, a 500cc version of the Honda NC700X.

Spotted all together at an Italian commercial shoot, all three models are said to share a 500cc parallel-twin motor that makes 45hp, as well as the same basic chassis.

Fitted with “traditional” telescopic forks, single brake discs up front, and all three models sharing a bevy of major parts, Honda should be able to be very aggressive with its pricing structure on the new 500cc model line.

Looking at the components as well, it is clear that Honda intends its new CBR500, CB500R, and CB500X motorcycles to be priced at the lower end of the pricing spectrum, making them attractive to newer and price-sensitive motorcyclists — especially our friends across the pond who are riding with an A2 license.

Ever since Jorge Lorenzo’s #3 engine went up in smoke at Assen, after the Factory Yamaha man was scuttled by Alvaro Bautista in the first corner, MotoGP followers have been asking themselves whether Jorge Lorenzo will make it to the end of the season with the remainder of his allocation, or whether he will have to take a 7th engine and start from pit lane at some point.

As each race goes by, the questions have become more urgent: will this be the race where Lorenzo finally runs out of engines, and hands Dani Pedrosa the advantage in the championship fight?

So how is Jorge Lorenzo doing with his engines? Is he, as many suspect, in imminent danger of losing an engine, and with it potentially his second World Championship? What strategies have his pit crew been using to manage with one engine prematurely withdrawn? And will those strategies be enough to see him through to the race at Valencia?

With the weather constantly the x-factor in the 2012 MotoGP Championship, the Malaysian GP unsurprisingly has seen Mother Nature play an integral part at Sepang. Limiting on-track practice time, things were surprisingly dry for MotoGP’s qualifying session, though riders came out of the pits immediately to bank some solid lap times. As the session wore on though, and the weather held, a display of talent proceeded, and another track record succumbed to the 1,000cc prototype machines.

The battle which has been raging rather politely between Honda and Dorna over the introduction of spec electronics continues to simmer on. The issue was once again discussed at Motegi, with still no resolution in sight. HRC boss Shuhei Nakamoto reiterated Honda’s opposition to the introduction of a spec ECU in an interview with the Japanese journalist Yoko Togashi, which was published on GPOne.com.

The reasons for introducing a spec ECU – or more accurately, a spec electronics package, including ECU, sensors, wiring harness and data logger – are twofold: the first issue is to cut the costs of electronics in the sport, an area where spending is rampant and where gains can always be found by throwing more money and more engineers at a problem. The second issue is to improve the spectacle; racing in the modern era has become dull, with the electronics and the Bridgestone tires contributing to produce races where it is unusual for there to be more than one pass for the win.

While Nakamoto did not comment on improving the show via electronics – it could be argued that radically changing the tires would have a greater impact on the spectacle than merely introducing a restricted spec electronics system – he did repeat the claim he has made in the past that merely adopting a spec ECU would not help to cut costs, claiming that if anything, it would actually increase costs.

One of the three “flyaway” races before the season finale in Valencia, the Japanese GP is race that is not only important to the two remaining Japanese manufacturers in the premier class, but it begins the dénouement of the MotoGP Championship.

Finding renewed vigor in his Championship hunt, Dani Pedrosa has only a handful of races left to catch Jorge Lorenzo, and win his first premier-class title. Truthfully needing Lorenzo to make a critical mistake or suffer a mechanical failure, Pedrosa also has to keep the pressure on his rival, and try to minimize the gap to his fellow Spaniard.

With each place separating the two riders likely to play a pivotal role at the end of the season, the drama unfolding in Motegi was palpable, though the action itself was a slow grind of a multi-campaign war.

The mystery of the final MotoGP prototype seat has been solved: after months of negotiations, Alvaro Bautista has finally retained the Honda RC213V ride with the San Carlo Gresini Honda team. The Spaniard will remain with the Italian team for another season.

The contract extension has come at a cost, however: Bautista has had to take a drastic cut in his salary to stay with the team. According to the Spanish website Motocuatro.com, Bautista’s wage has been slashed to five figures, with the amount of 90,000 euros being passed down the paddock grapevine.

The press conference room at the Motegi circuit was a busy place on Thursday. The assembled press filed in twice during the afternoon, once to hear the head of Dorna talk about the long-term future of both motorcycle racing world championship series, and then again to hear five world champions talk about this weekend’s racing. There was much to digest.

What Carmelo Ezpeleta had to say about Dorna’s takeover of the World Superbike series has been covered elsewhere, though the irony of Ezpeleta hosting a press conference to talk about what was essentially an end run around HRC’s threats of a withdrawal at a facility owned and operated by Honda was not lost on everyone. The significance of the occasion was clear to all, and the groundwork has been laid for the future of both WSBK and MotoGP, though many fear the outcome.

An hour later, a much lighter mood prevailed when the riders filed in for the usual pre-event press conference. The long term was forgotten for a while, as everyone concentrated on two items: the return of Casey Stoner, and the impact of the Australian’s return on the championship. Will Stoner help Dani Pedrosa in his battle with Jorge Lorenzo for the 2012 MotoGP title? And is he fit enough and fast enough to be able to help if he wanted to?

This may very well turn out to be the biggest week in MotoGP since the decision to replace the two stroke 500s with large capacity four stroke machines. This week, Dorna CEO Carmelo Ezpeleta is set to have meetings with each of the MSMA members at Motegi, to hammer out once and for all the technical basis for the 2014 season.

If they succeed, the ground will be laid for a set of technical regulations which can remain stable for the long term, the goal being at least five years. If they fail, then one or more manufacturers could leave the series, reducing the number of factory bikes on the grid and potentially removing two of MotoGP’s top riders from the grid. There is much at stake.

So much, in fact, that neither side looks prepared to back down. On the one side is Dorna, who see the costs of the championship spiraling out of control thanks to the increasing sophistication of the electronics, and the racing growing ever more clinical as fewer and fewer riders are capable of mastering the machines these electronics control.

On the other side are the factories, for whom MotoGP, with its fuel-limited format, provides an ideal laboratory for developing electronic control systems which filter through into their consumer products and serves as a training ground for their best engineers.

Dorna demands a spec ECU to control costs; the factories, amalgamated in the MSMA, demand the ability to develop software strategies through the use of unrestricted electronics. The two perspectives are irreconcilable, at the most fundamental level.

If you wanted further proof that Honda is getting ready to debut a 500cc CBR, look no further than the fact that the 2013 European Junior Cup has been tipped to switch from the KTM 690 Duke to the Honda CBR500 when the middleweight sport bike debuts next month at EICMA.

A cheap way to get young racers honing their skills on the track, the European Junior Cup is an ideal venue for the Honda CBR500, which is expected to differentiate itself from the CBR600RR by being a less-sporty entry-level machine for newer riders.

Sunday was a big day for World Superbikes at Magny-Cours. Not just because the 2012 title was settled in what was a fascinating showdown, helped in no small part by the weather, but perhaps most of all because on Sunday morning at 9am local time, Infront Motor Sports CEO spoke to the media for the first time since the announcement that Bridgepoint, the private equity firm which owns both Infront and MotoGP rights owners Dorna, has decided to bring both series under a single umbrella, and that umbrella is to be Dorna.

That news has sent a shockwave through the motorcycle racing world. The World Superbike paddock is hardest hit of all: the mood there is somber, with everyone from Infront staff to team mechanics fearing the outcome of what amounts to a coup by Dorna CEO Carmelo Ezpeleta. Optimists are few, especially as Ezpeleta is one of the most reviled characters among denizens of the WSBK paddock, because of what he represents: the perceived arrogance of the Grand Prix paddock, and a culture which is anathema to everything which World Superbikes stand for. MotoGP is truly the Beatles to WSBK’s Rolling Stones.