If I recall, the original intent was to solicit feedback on how to structure a cash prize race, not to get multihull sailors to enter (although I guess that would be a side benefit).

I'll say it's nice to see someone try to grow the sport, even if I may not agree with the method.

As most indicate, caution is necesary to ensure something like this doesn't end up as a black eye to the sailing community.

Save the big cash prize for next season (using the profits from this season). Have someone donate a new car to give to the winner this year instead.