With some cooperation from the weather at the track in Valencia, MotoGP enjoyed its last dry qualifying session of the season. Saturday’s afternoon session was a stark contrast to Friday’s Free Practice sessions, which had mostly been a wasted day for the GP riders. With nothing on the line for the Valencian GP, riders in MotoGP are mostly racing this weekend for pride and bragging rights.

Casey Stoner’s last race in MotoGP, the Australian is surely looking for a good result, though there are question marks regarding his ankle. His teammate Dani Pedrosa is also looking for a strong result in his home country, with the Spaniard now out of the Championship hunt, but looking to end what has been a stellar second-half of a season in the Repsol Honda squad.

The man to stop though is his once bitter rival Jorge Lorenzo, who will carry the #1 plate next year. For Lorenzo, Valencia is about winning the most races in the 2012 season, with him and Pedrosa tied at six a piece.

For many of the other riders, Sunday’s race marks the last time they will be in the premier class, with their current teams, or even on the same kind of race bike. Perhaps the biggest piece of anticipation for the race, is the post-season testing the follows it. But, first things first.

In an ideal world, championships are settled in a straight fight between the main contenders in the final race of the season. Unfortunately, the world we live in is far from ideal – as the ever-dwindling stock of prototype machines on the grid testifies – and so the last race of the year can be a bit of a formality. In 2012, with the champions in all three classes securing their titles during the flyaways, there is not much more at stake at Valencia. Except pride.

Given that pride is what motivates a motorcycle racer above all else, that means that there is every reason to hope for a real treat at Valencia on Sunday. This is the last race of the season, the last chance to prove your worth, to silence your doubters, to settle those scores before the long winter begins.

No need to be conservative here, no need to calculate the odds. You can take that chance, take a risk and crash out trying. At the last race of the season, you go all in, as Nicky Hayden’s leathers proclaimed at Valencia in 2006, when it looked like he might miss out on his first ever MotoGP title. And there is a lot of pride at stake.

Two freshly anointed champions, three impressive winners, and a large crowd of ecstatic and yet wistful fans, come to say goodbye to a departing hero and hope to spot a new one arriving. Even the weather cooperated. That’s how good the Australian Grand Prix was at Phillip Island this year. All three races were a lot less intense than the previous two weekends, but even that didn’t matter, because of the manner in which the winners secured their victories, and because the Australian crowd had something to cheer about in all three categories.

It started in the Moto3 race, where Sandro Cortese rode one of his best races of the year, the title he clinched last weekend at Sepang clearly a weight off his mind, allowing the young German to ride freely. He had Miguel Oliveira to contend with for most of the race, but in the end, he would not be denied. The home crowd still had much to cheer about, as local boy Arthur Sissis, the 17-year-old former Red Bull Rookie, won an intense battle for third, putting an Australian on the podium for the first time on Sunday.

In Moto2, Pol Espargaro gave a display of dominance rarely seen in the intensively competitive class. It was hardly unexpected, Espargaro having stamped his authority on practice for the past two days, but the style in which the Spaniard won was very, very impressive. It took him a couple of laps to get past Marc Marquez and Takaaki Nakagami, but once he did, he put a second or more a lap on most of the field, before cruising home to a spectacular victory. Espargaro could do nothing to prevent Marquez becoming champion, concentrating solely on the task ahead, winning as many races as possible.

The home crowd had something to cheer for as well, Ant West riding an outstanding race to hold off a late charge from Marc Marquez to secure second place, making it two podiums in a row. West’s podium at Sepang last weekend took the weight of the Australian veteran’s shoulders and has given him the confidence boost he needed.

The team have been making slow progress, West had said earlier this weekend, and Sepang was the reward from that hard work. Most of all, though, it had helped him find his belief in himself again; that alone is worth half a second or more a lap. At this level, motorcycle racing is 90% mental.

Marquez finished third, but still took the 2012 Moto2 title with honor. He may not have been able to win – no one had the measure of Espargaro at Phillip Island – but he gave an impressive account of himself and secured the championship with a podium. Marquez is a deserved winner of the championship, despite the criticism sometimes aimed at the young Spaniard. The onboard video of the first lap at Motegi shows one of the most compelling displays of courage, skill and racing sense of recent years, and justifies on its own his ascension to the premier class next season.

There has been much made of Marquez’ backing and support, and of the special treatment he has received. It is true that he has had solid sponsorship and always been in a strong team, but the reason why he has had the backing is because of his extraordinary talent, rather than the other way around. A MotoGP team manager who was at the test where Marquez took his first laps on a Moto2 machine was in awe: “He is a very special talent.”

Winning the title on what is a very ordinary chassis – the massive success of the Kalex bikes compared to the mediocre results of the other Suters – speaks volumes about the ability of Marquez, and the Spaniard will be very fast from the very first MotoGP race at Qatar. HRC boss Shuhei Nakamoto has already said that he expects Marquez to be on the podium at that race; it would not surprise me in the slightest.

The main course, however, was the demonstration to be given by Casey Stoner in the MotoGP class. Stoner had almost humiliated the rest of the field during practice, consistently half a second or more quicker than anyone else, the gap often closer to a second. At a track where the lap is usually 90 seconds, that is a massive advantage.

Despite the typically variable and sometimes awful weather all week at Phillip Island, the clouds seemed to understand that Sunday afternoon was to be Casey Stoner’s last race at the Australian track, and obliged the jam-packed Aussie crowd with warm rays of sunshine.

On form all week, despite his ankle injury, Stoner was a landslide favorite to win the Australian GP, and the 53,100 fans in attendance were treated to one more showing of Stoner’s unique understanding of the Phillip Island race circuit, which now has a corner bearing his name.

With Casey doing what he does best at PI, the attention as the race started was as to whether a second World Champion would be crowned this Sunday, as Marc Márquez had locked up the 2012 Moto2 World Championship just a few minutes before the MotoGP race. With Lorenzo needing to beat Pedrosa to claim his crown, the Australian GP got underway in earnest.

Two championships could be settled at Phillip Island on Sunday. Marc Marquez looks certain to wrap up the 2012 Moto2 title in Australia, as the Catalunya Caixa rider needs just 2 points to put the title out of reach of Pol Espargaro. Marquez’ chances of wrapping up the Moto2 title with a win look slim, though. Pol Espargaro has been in a class of his own at Phillip Island, his love for the circuit showing through in the way he has been riding.

The only man to get near to Espargaro all weekend has been Scott Redding, as Phillip Island is one place where Redding’s size is less of a handicap. With few places where hard acceleration from low speed is required, Redding can rely on his natural speed to get around the track. Despite still being the youngest rider ever to win a Grand Prix – a title he is likely to hold in perpetuity, since the minimum age went up to 16 – Redding is still winless in Moto2. If he can follow the pace of Espargaro, Phillip Island could well provide him with a real shot at his first win.

The MotoGP title may not be settled in Australia, though. Jorge Lorenzo leads Dani Pedrosa by 23 points, and just needs to finish ahead of the Honda man to wrap up the championship at Phillip Island. The odds of that happening looked much better on Saturday, Lorenzo taking 2nd spot in both the morning’s free practice and qualifying in the afternoon, finishing ahead of Pedrosa in both sessions.

But Lorenzo may yet have to leave the box of championship t-shirts in the flight cases, as a closer look at the race pace between Lorenzo and Pedrosa gives the advantage to the Honda man. Lorenzo is lapping consistently in the high 1’30s and low 1’31s, but Pedrosa has been reeling off strings of high 1’30s in race trim.

In typical Phillip Island fashion, a range of weather was featured during qualifying for the Australian GP — though, it was mostly cold, cloudy, and windy. With spots of rain throughout the day, it was anyone’s guess when the weather would, could, or should arrive on the coastal track, which meant every minute of qualifying counted.

Unsurprisingly, Casey Stoner dominated the time sheets throughout Free Practice, and was heavily favorited for the pole-position for Sunday’s race. With the MotoGP Championship going down to the wire for Jorge Lorenzo and Dani Pedrosa, MotoGP fans were perhaps more concerned what was happening behind Stoner, despite this being his last home grand prix.

This weekend’s Australian Grand Prix at Phillip Island is going to be a very Australian affair, more so than most other years. For one obvious reason: this is the last chance to see Casey Stoner race a Grand Prix motorcycle at the iconic venue before he hangs up his helmet and retires from MotoGP. Record crowds are expected, and local media coverage has expanded as everyone gathers to say goodbye to the latest in a long and honorable line of Australian Grand Prix champions who have left an indelible mark on motorcycle racing.

The weekend started off with Stoner’s name being added to those of Wayne Gardner and Mick Doohan, in a ceremony to rename Turn 3 Stoner Corner. Gardner’s name has been given to the front straight, Doohan’s to Turn 1, and Stoner’s name follows after the Southern Loop. It is a fitting tribute to the man who has started from pole four times in a row, won here five times in a row, and achieved some remarkable feats in MotoGP.

Ever since Jorge Lorenzo’s #3 engine went up in smoke at Assen, after the Factory Yamaha man was scuttled by Alvaro Bautista in the first corner, MotoGP followers have been asking themselves whether Jorge Lorenzo will make it to the end of the season with the remainder of his allocation, or whether he will have to take a 7th engine and start from pit lane at some point.

As each race goes by, the questions have become more urgent: will this be the race where Lorenzo finally runs out of engines, and hands Dani Pedrosa the advantage in the championship fight?

So how is Jorge Lorenzo doing with his engines? Is he, as many suspect, in imminent danger of losing an engine, and with it potentially his second World Championship? What strategies have his pit crew been using to manage with one engine prematurely withdrawn? And will those strategies be enough to see him through to the race at Valencia?

The Grand Prix Circus came to Sepang with three titles in the balance. Only one of them got wrapped up on Sunday, though, tropical rainstorms throwing a spanner into the works of the other two, but generating some fascinating racing. The fans had one fantastic dry race, one fantastic wet race, and a processional MotoGP race that looked much the same as it would have had it been dry.

There was a packed house – over 77,000 people crowded into the circuit, a highly respectable number for a flyaway round – cheering on local heroes, there was confusion over the rules, and there were a lot of new faces on the podium.

There was also a much better balance of nationalities on the podium: where in previous races, the Spanish national anthem has been played three times on a Sunday, at Sepang, it was only heard once. Most of all, though, the Moto2 and MotoGP races ran in the wet would be determined by the timing of the red flags, with Race Direction’s decisions on safety also having an outcome on the results of the races, and in the case of MotoGP, possibly implications for the championship.