We have decided that after two years of racing in this series, that the series needs more time to evolve particularly as far as the rules and the enforcement of the rules are concerned. P1 have made a number of changes in 2008 to address these issues, but in our opinion the platform is still in its infancy. Many of the rules they have set in 2008 are probably still unenforceable.

The series is still heavily funded by a single "benefactor" and until this is replaced by sustainable sponsorship, which has sadly proved very allusive to date, the sport remains driven by a whim rather than by business.

Lastly, for us at least, the lack of a British Grand Prix in 2008 is a sad indictment of sports sponsorship in the UK and truly sad for all the fans that have regularly lined the shores of the Isle of Wight to support the British teams. We hope this will be rectified very soon!

The home of powerboat racing is without doubt Cowes on the Isle on Wight and the British love affair with powerboat racing can be seen in the huge commitments made to the Round Britain Race in 2008.

For those who have chosen to race in 2008, we sincerely wish you an exciting, competitive and successful season in 2008.