Have lots of fast reaching and lots of crowded, crash-and-burn mark roundings. Forget all the nuances of rules and tactics -- just pure boat speed and excitement. Have a crowded starting line with a reaching start and a short reach to the first rounding mark, so everybody gets there together, just like motocross.
Problem with the crash+burn racing (and damage) is that people spend ages tuning their boats before the ollies; so who is going to finance the extra costs (IOC trying to reduce costs) of the sailors bring (maybe) 5 boats and 10 masts with them...(and having to spend the extra time ensuring that all 5 boats are set up exactly the same).
Also, people will get hurt!
In motocross you just take another bike of the back of the trailer......