Autosport reports ( http://www.autosport.com/news/grapevine.php/id/85015v ), that some people from the A1GP organisation are working with the administrators to revive the championship in the 2011/2012 season. They would use the Ferrari powered/designed cars and have 10 Lola chassises from the original design available. It might have most of the countries and circuits it raced on, but a different bussiness philosophy. Instead of running everything and giving the teams money to race with, the teams would have to get sponsoring in place and the organisation would just run things and supply spare parts.
Even though i never really got behind this series, it made me think, weather this is good news. It does offer a lot of countries possible entries for their drivers, show different circuits and makes for something of a home support and improve F1 audience as well (India, Turkey, China, Malaysia, South Africa, Mexico, USA, UAE-states, etc.) and it runs in the winter months to have something to compete with GP2-asia. Oh, and the Ferrari designed and driven cars are something to watch out for as well.
On the other hand, we allready have GP2/3, F2, F3000, Indycar, AutoGP, Superleage GP, Renault World series, Palmer Audi etc., so there is so much open wheel racing around, it’s hard to see wich series makes sense for drivers and makes sense financially.