Here in Montgomery Alabama they started a club racing these:
http://sailrc.com/sailrcnirvana/home.htmla LOT cheaper than the US1M's and IOM's. Not quite as fast but much easier for a beginner. I had mine out yesterday in a serious blow and had a ball playing with tuning to get it to sail well in a big breeze (outhall, vang, backstay etc).
Down wind is a bit hairy when you try to round down w/o enough speed and the boat becomes a sub. Suddenly the rudder pops free as the bow goes down and it rounds up HARD.
We're starting a club here (we've got a great pond where I work...great for lunch time racing). We're planning to promote the Nirvana, since there are already two, and US1M. We may promote an intermediate priced boat with the Soling One Meter or CR419 since you can't expect everyone to jump in with a $1400 US1M.
This build, there are five local sailors who would like to get one of my one meters (Bogy). To help offset some of my time and cost, everyone will be responsible for a certain fabrication task and hopefully everything will come together at the end.