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Repsol Honda fans were delighted to hear that Dani Pedrosa would return to MotoGP racing for the Australian GP at Phillip Island this weekend, but the good news was short-lived, as today the Spanish rider has decided not to race on Sunday. Participating in both Saturday sessions, Pedrosa could only muster a 15th place position for the MotoGP race grid, battling with the pain from his broken collarbone.

Realizing that his return to racing since his injury two weeks ago at Motegi was too much too soon, Pedrosa has obviously been battling too fresh of an injury, and was unable to meaningfully compete at the GP level. Accordingly the Repsol Honda squad has announced the mutual decision that Pedrosa will not race at Phillip Island, and instead pegs the Spaniard’s return to occur at Estoril for the Portuguese GP in two weeks.

Just a couple weeks after fracturing his collarbone in three places at Motegi, Dani Pedrosa will once again take to his Honda RC212V, as the Spanish rider has indicated he will take part in Friday’s FP1 in Australia. Taking the Malaysian GP off in order to heal his shoulder, Pedrosa may no longer be in the running for the MotoGP Championship, but he’s shown strong improvements on the Honda RC212V the past few races, a trend he’ll be keen to continue through the rest of the season as he fights for second place in the standings.

After breaking his collarbone during practice at the Japanese GP, Dani Pedrosa’s chances of racing at Sepang for the Malaysian GP were held highly in question. With some close to the team suggesting Pedrosa would attempt to race in Malaysia, a press release this morning seemingly confirms that the Spaniard is out for the weekend’s races, instead intending to focus on a return at Phillip Island next week. This announcement is big news for Jorge Lorenzo, who is trying to lock up the 2010 MotoGP Championship. With only Dani Pedrosa having a mathematical chance of stealing the crown from his fellow Spaniard, Lorenzo now only has to finish 9th in Sunday’s race to claim his crown. Press release after the jump.

From the Aragon GP today comes news that Dani Pedrosa has signed a two-year contract renewal with Honda, which will see the Spaniard on a factory-backed bike for the 2011 and 2012 seasons. The news has been expected for some time, so it’s hardly surprising to see HRC tap Pedrosa for another stint of racing, and Spanish sponsor Repsol is expected to be along for the ride with another one-year extension added to their sponsorship.

Just because Ducati won’t announce that they’ve signed Valentino Rossi, doesn’t meant that silly season in the MotoGP paddock can’t continue. The latest rumors coming out of GP racing is the departure of Marco Melandri to World Superbike, supposedly to a BMW ride, and Andrea Dovizioso finding himself riding with Gresini Honda, on a factory supported Honda RC212V. The move apparently comes because of Honda’s obligation to Dovizioso, and desire to keep the currently #2 rider in the world: Dani Pedrosa.

It didn’t take long for the other shoe to drop, and now it is official that Casey Stoner will race with HRC in 2011, after it was announced moments ago that the Australian would be leaving the Ducati MotoGP team. Perhaps the most unexpected development in this announcement is HRC’s intentions of keeping both Dani Pedrosa and Andrea Dovizioso for the 2011 season.

The likely result of this will be a two-man Repsol Honda team, and a second single-bike team, which is likely to be sponsored by Red Bull. Rumors have pegged the continuance of a Pedrosa/Dovi Repsol Honda team, which puts Stoner on the single-bike Red Bull team. However, a Stoner/Pedrosa rumor has also persisted, and makes more sense given Dovi’s current Red Bull sponsorship. But at this point nothing is certain.

UPDATE: HRC has announced that they have signed Casey Stoner for the 2011 season, and that he will likely ride with both Dani Pedrosa and Andrea Dovizioso.

Now officially official, Ducati has officially announced what we’ve known for months: that the Australian rider would be leaving the Marlboro Ducati team at the end of the 2010 season.

The relationship was first marred last season when Stoner came under a mysterious illness (too mysterious for some commentators), missed a number of races, and since then has been seemingly the bond between Stoner and Ducati has been unsalvageable. Compounded by poor results so far this season, rumors intensified as links between the Australian and HRC became evident.

While Stoner has not mentioned where he will ride for the 2011 season, an announcement about his move to Repsol Honda is expected later today.

GPweek.com is reporting that Casey Stoner’s mechanics in the Marlboro Ducati garage have been warned “that they may have to seek new employment for next season.” If true, this is a strong indication that Ducati does not expect the Australian GP Champion to return to the Italian team for the 2011 season. While many sources are quick to make the link that this means Rossi is inbound to the Ducati team, we’re still hesitant to subscribe to that faulty logic.

If you haven’t seen today’s British GP at Silverstone, stop reading this article, and go watch your Tivo right now. We can hardly contain ourselves after watching the race, so we’ll keep this intro short. While the race winner is not going to surprise too many GP race fans, it’s the rest of the finishes that had us jumping up and down on our chairs. Spoilers after the jump.

As silly season continues, rumors continue to persist that Casey Stoner has signed a deal with HRC. It was first reported by Italian news station Sportmediaset, and given it’s appropriate grain of salt, but now the German-language publication Speedweek is announcing the deal as well, and even claiming a contract price of €5 million to see the former World Champion ride a Honda in 2011.

Yes silly season is well upon us now for MotoGP, and rumors are swelling after Livio Suppo spent time with Casey Stoner and his father during the MotoGP testing at Jerez, Spain. Suppo, who moved to HRC after 11 years with Ducati, is rumored to have met with Stoner in order to have the Australian rider make a switch of teams in 2011. The Honda marketing manager made it clear when he jumped ship from Ducati that he would be back for Stoner, a rumor that’s been confirmed by Loris Capirossi, and passed around the paddock more than a few times.