Everything coming out of the BMWO press machine says that Jake is right. They aren't rushing to release what they'll race in, where they'll race or when they'll race. They want to get a consensus of the viable AC teams together and see what they want.

While "Uncle Larry" might be a dickhead to work for and in the business world - he was the guy who put an end to the SNG/Alinghi shenanigans. He knows damn well that the sailing community is now going to hold his feet to the fire like they did to Ernesto.