Word on the internets is that the race is BACK ON (not like it was ever technically off, though). 🙂
http://www.theaustingrandprix.com/news/2011/12/6/formula-1-re-signs-with-austin-for-2012.html
Typical Bernie being Bernie. Whenever he wants to get race promoters motivated, he pulls this crap. Telling everyone ‘we don’t need this race, we have 36 other small countries waiting with contracts, etc’. He pulled it most recently with Korea and India, and he’s pulled it with Silverstone, Spa, Brazil, Hungary…
Unfortunately in this sport, you can’t believe anything until cars hit the track, and even then…
But I wouldn’t cancel your vacation time just yet!