It's far from over. Teams and Mosley will meet on friday, plus there's a high possibility of FIA + FOM vs Ferrari + Red Bull lawsuits, but i like what FOTA is doing. Crisis is a perfect time for major investments, doesn't matter if teams oppose the new rules, FIA constantly changing regulations as a "method" or perhaps Bernie moving races around all the time, they may simply want to keep 100% of the revenue, instead of the current 47%.
I am, however, surprised FOTA already announced a breakaway championship. It almost looks like they had the "option" cooking for weeks or even months, simply waiting for a final excuse to pull out of F1, unless all their suggestions would've been accepted by FIA. What they lack, however, is a "King". FOTA has great managers, engineers, drivers, but one person is needed to keep a strong, impartial, mostly unpopular foot on everything, Jean Todt any1?
It seesm FOTA knew what they were doing. TheTimesOnline posted "Share your thoughs on F1 Breakaway", 38/40 said they were on FOTA side and will watch the series, 2 said they were tired of all the politics and want some races, so there's 95% retaining of F1 ratings.
Really, the only thing I was worried about was whether the FOTA "family" would stay together and form their own series, or just splinter off and everyone do their own thing. I'm quite pleased that they're all working together to make a new series.
What's going to be crucial is how they form this new series. I imagine it won't be very hard, as I imagine most of the rules will stay the same (since that would cut down costs a whole lot) next year... it's just the finer details that may cause some spats.