http://eaa.org/news/2012/2012-01-04_reno_race_plans.asp
http://www.airrace.org/uploaded_images/RARA_Release_010412.pdf

2nd link is the official press release.
Sounds like there is a huge amount of support for keeping the races alive! Considering this is the only regular air race currently in the world (if Red Bull comes back that will be #2), we need to keep this tradition in aviation alive! Air racing was a huge part of aviation history, not to mention its one of the best motorsports out there...well to me its #1!
"Fly low, go fast, turn left!"
"World's Fastest Motorsport"