Peter Diamandis has announced a new sport, of sorts -- the Rocket Racing League:

Similar to auto racing organizations, the RRL will organize, host and run competitions across the United States, with the finals taking place each year at the X PRIZE Cup in New Mexico. The league also plans to produce nationwide tours of its rocket planes and pilots to answer the public's demand for high-excitement entertainment. A video game based on the RRL is slated to launch in late 2007...

Rocket races will operate much like auto races, with the exception that the "track" is up in the sky. Courses are expected to be approximately two miles long, one mile wide, and about 5,000 feet high, running perpendicularly to spectators. The rocket planes, called X-Racers, will take off from a runway both in a staggered fashion and side-by side and fly a course based on the design of a Grand Prix competition, with long straight-aways, vertical ascents, and deep banks. Each pilot will follow his or her own virtual "tunnel" or "track" of space through which to fly, safely separated from their competitors by a few hundred feet.

Highly skilled X-Racer pilots will employ state-of-the-art differential GPS technology to ensure minimal chances of physical contact between the racers.

Upon take-off, onlookers will easily follow the race as the rocket planes remain in view and sport 20-foot rocket plumes. Fans can also track their favorite pilots' progress via large screen televisions and hand-held GPS tracking devices using WiFi to stream video of the cockpit, live "on-track" shots, "side by side" views and wing angle views.

Fans at home will be treated to a three-dimensional course where the "tracks" pilots are following can be seen. Special effects for lap completions, barrier violations and penalties will also be a part of the show.