Frankly I'm all for one design. Laudable goal.
But I'm against manufacturer controlled one design. That's a slippery slope toward monopoly, inflated price and a company control over my sport. Like evolving boats one year over the other, some sail being better than other or sometimes not even the same dimensions.
Formula classes have good things going for them (simple box rules, multiple manufacturers) and bad (This year boats are better than last year, hence an arm race). This is not one design, but if the box rules are good enough, that's a close as it gets.
What Rick and the others IWCA members are doing is a one-design *not* controlled by a manufacturer class. Best of the best. All the power to them. Hobie Cat corp is not happy about it because they lose control. Not to mention that Hobie Cat never gave a **** to the wave as a racer, for them it is a "buy 15 for rental on your beach" kind of boat.