You can find the press release here, but the gist is, the series is back on for 2012 with an extra round added. They have managed to lower the costs of the entry fees by 30%, and added some benefits. Although this was the complaint of at least one of last years teams, they received prize money over the winter that helped ease the cost of the 2011 race season, which was substantial. It also looks like there may be at least one more team running this year. If you listened to my interview with Azhar Hussain, CEO of the TTXGP, they are, and will continue to work hard to make sure the Aussies have a chance at showing up at the world final.