Things are not looking good for the USF1 team.
http://www.crash.net/f1/news/156910/...or_campos.html

Business manager has left, one of the major backers who is the founder/CEO of Youtube is either leaving or has left, there has been no car debut (is there EVEN a car to debut???) let alone any testing (while almost every other team is on track already), the factory they are leasing is for sale, there has only been one (non american) driver announced. I would say the big flush is only days away for this deal. Alot of hype was generated about being an "American" effort but in reality the team was to be based in Europe, the owners/team leaders were all from elsewhere. Maybe someday we'll get a TRUE American effort.