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Casey Stoner set the pace today at MotoGP’s second off-season test at Sepang. The Australian, and the rest of the four factory Honda riders, proved to be very impressive on the Malaysian track, as the 2011 Honda RC212V seems to be hitting its stride just before the season opener in Qatar in a few weeks.

The Honda riders don’t have things all sewn up though, as the Yamaha of Jorge Lorenzo was looking very fast, as were Americans Ben Spies and Colin Edwards. Earlier in the day, nine-time World Champion Valentino Rossi even cracked into the Top 5 on the standings, and despite finishing the day just over a second behind Stoner, the Italian was upbeat about the team’s progress and his physical condition.

Along with the official unveiling of the 2011 Yamaha MotoGP team & livery, the Japanese manufacturer has also released photos of the 2011 Yamaha YZR-M1, with accompanying technical specifications. Unsurprisingly, Yamaha is keeping many of its exact specifications close to the chest, but test reports indicate that a refined chassis, and a slightly more powerful motor have been added to the 2011 YZR-M1.

Yup, it’s official folks: Yamaha will run without a title sponsor for the 2011 MotoGP season (at least initially), as the team’s official race livery was unveiled at Sepang today (actually, we’re releasing these photos ahead of the official announcement, so in a way this post is coming from the future), along with the official unveiling of the 2011 Yamaha YZR-M1 MotoGP race bike.

Trading a corporate sponsor for a “50th Year in Road Racing Championship Grand Prix” emblem, Yamaha has seemingly been unable to woo a title backer onto its carbon fiber fairings after Fiat’s departure, despite winning the team, rider, and manufacturer Championships in the 2010 season. Check out the full gallery after the jump.

Taking over Valentino Rossi’s factory Yamaha seat, multiple AMA Superbike Champion, 2010 WSBK Champion, and 2011 MotoGP Rookie of the Year Ben Spies will have the same equipment as reigning World Champion Jorge Lorenzo. Given how well Spies did on the satellite Tech3 Yamaha in 2010, the factory bike and a year of experience could mean the difference between being the “Best of the Rest” and the “Big Four” becoming the Big Five.

Yamaha Racing has just announced that it will debut its 2011 MotoGP team livery at the Sepang test on February 21st. Yamaha has been without a title sponsor since the departure of Valentino Rossi, as Italian car manufacturer Fiat dropped its support of the Japanese team when Rossi went to Ducati Corse for this upcoming season.

Despite having the reigning MotoGP World Champion Jorge Lorenzo, the 2010 MotoGP Rookie of the Year Ben Spies, and being the team to beat in 2011, Yamaha has reportedly struggled to find a title sponsor for the upcoming season, that is until now.

It started out as a rumor, with Crash.net reporting that John Hopkins could see himself once again taking to the Suzuki GSV-R in a one-off wild card race during the 2011 season. That notion in the past few days has expanded to to include Hopper riding at the IRTA test in Qatar next month, presumably to see if he would be capable of replacing Alvaro Bautista, should the Spanish rider become injured during the 2011 season.

For those keeping track, that’s Hopkins going from the AMA, to the BSB Championship, and now MotoGP (albeit as an alternate) in a matter of months; and as MCN reports, it’s due largely to the fact that Paul Denning owns not only the Crescent Suzuki Team, but is also the Team Manager for the Rizla Suzuki MotoGP effort.

While the Indianapolis GP has been renewed for another season, talk continues to swell regarding the Brickyard, and whether it will remain on the MotoGP calendar. While a notably historic track in the United States, and a venue capable of easily handling an event like GP racing, track conditions at Indianapolis weighed heavily on riders’ minds while contending with the midwest circuit this past season.

With members of the GP safety commission audibly displeased with the track’s layout and and changing tarmac patches, and a new GP-quality track in Austin, Texas currently being built, the writing appears to be on the wall for Indy. Playing host to Formula One US GP (which ironically used to be held at Indianapolis) from 2012 to 2021, the new track in Austin has however denied talks with MotoGP, and having the series race at its venue. But don’t believe everything you hear.

With the 2011 MotoGP season right around the corner, there are several big questions waiting to be answered. The biggest is how Valentino Rossi will manage with the Ducati GP11. Last year Rossi won the season opener at Losail after Stoner crashed out of the lead, and was pleased to have what would become his final year with Yamaha off to a good start.

But his broken leg at Mugello put him out of the Championship running as rival Jorge Lorenzo rode the bike Rossi had developed to the title. Rossi’s challenge in 2011 is formidable if he is going to reclaim the premiere class championship, and go down in the record books as having done so with three different factories. He has a lot to think about before the lights come on in Qatar.

Continuing its “ONE on ONE” series, Yamaha has pitted two staples of its MotoGP garage to interview each other: nine-time World Champion Valentino Rossi and former-Executive of Engineering Operations Masao Furusawa. The video is obviously a bit untimely, as Rossi has already made the switch over to Ducati, but the interview proves relevant as he and Furusawa talk about why Rossi made the jump in the paddock from Honda to Yamaha in 2003. If you supplant the appropriate manufacturers’ names, you could almost hear Rossi talking about his reasoning thus far with the Italian racing brand.

So far the video series is two-parts long, and has some great insights into the relationship that was the driving force for Rossi joining Yamaha, and for his departure (Furusawa’s retirement from Yamaha being one of many factors in Rossi’s decision to leave the Japanese marque).  Over the course of their discussion, fun trivia bits come up, like what Max Biaggi said when Rossi won the opening GP race at South Africa in 2004. Check past the jump to find out what his response was, and to watch the videos in their entirety.