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After breaking the news that Valentino Rossi signed a two-year contract with Ducati Corse, or as we like to refer to it: the worst kept secret in the MotoGP garage, we waited to see the official news of Rossi’s departure materialize after the weekend break, but to no avail. Knowing that our information was correct, we now understand why the announcement didn’t materialize when we expected it: because of a gentleman’s agreement between Ducati & Yamaha.

In exchange for delaying the announcement until after the American round at Laguna Seca (now slated for the Monday after racing at Brno), Yamaha is allowing Rossi to test the Ducati Desmosedici GP10 when MotoGP stops at Valencia at the end of the 2010 season.

UPDATE: Ducati will be unveiling to the public its 2011 Ducati 848 Superbike EVO, which will have a $1,000 cheaper “Dark” variant as well.

Get ready Ducatisti, a new Ducati model is coming in two weeks. To be launched at Laguna Seca’s Ducati Island during the GP weekend, Ducati is tight lipped as to what the new model could be. In our invitation to the event, we are told only that the unveiling will be “hosted by four very excited guests to whom this new model means quite a lot.” The unveiling will be at 1pm on Saturday, and we’ll be there with our cameras.

We’ve been expecting an electric sportbike from Brammo for over a month now, getting our first clues from our Bothan spies last week that the bike’s launch was imminent. Now we can officially say that the Brammo Empulse is the latest creation from the Ashland, Portland based Brammo, Inc. Continuing Brammo’s electric motorcycle offering, the Brammo Empulse represents the first production sportbike to be available by consumers. The Empulse comes in three flavors (Brammo Empulse 6.0, Empulse 8.0, & Empulse 10.0) with differing amounts of on-board power each variant.

With the Empulse 10.0 having a 100 mile range, and costing only $13,995 MSRP, Brammo is offering a potent and affordable package, and when you factor in that federal and state government subsidies that could bring that price down to around $7,000 in some states, you have a motorcycle that could change the way we think about electric streetbikes.

From the official results of World Superbike’s stop at Brno, the FIM has once again determined that twin-cylinder motorcycles, i.e. Ducatis, will get another minimum weight reduction. Averaging more than a five point deficit over the last three WSBK events (Miller Motorsports Park, Misano, and Brno), WSBK rules require that twins be given another 3kg weight reduction, as the rules have been deemed to “favor” the 1000cc 4-cylinder motorcycles too heavily.

UPDATE 2: Michael Lock has officially announced that he will be leaving Ducati North America.

UPDATE: John Paolo Canton, Ducati PR Manager, has responded in the comments that Lock was last spotted slaving away in his office, and it’s business as usual in Ducati North America.

With all the commotion going on today, our last piece of breaking news is the developing shake-up that’s going on at Ducati North America. Presumably involving the departure of Ducati North America CEO Michael Lock, we’ve been told changes at Ducati N.A. are occurring at the highest levels. All day we’ve been unable to reach anyone at Ducati’s Cupertino office, so we cannot confirm the report at this time…hey guys, pick up your phones!

UPDATE 3: Ducati has officially announced signing Valentino Rossi.

UPDATE 2: Ducati Motor Holdings CEO Gabriele del Torchio has confirmed that Valentino Rossi will race with Ducati in 2011.

UPDATE: Ducati & Yamaha have made a gentlemen’s agreement to delay the announcement of Rossi’s move until after Laguna Seca, in exchange for letting the Italian test the Desmosedici GP10 at the Valencian Round.

Let’s avoid the the “scoops”, “exclusives”, and “OMG’s”, and just say that Asphalt & Rubber has received word from a trusted source that Valentino Rossi has signed a two-year agreement with Ducati, that’s set to be announced on Monday…and boom goes the dynamite (sorry, we couldn’t resist). The Rossi/Ducati fantasy has been put forth for years, with the fervor on the subject reaching its pinnacle this season, as Ducati reportedly wafted a €15 million salary (almost double Yamaha’s offer) in front of the nine-time World Champion.

Likely less to do with money, and more about prestige and priority, the announcement comes on the heels of Casey Stoner’s exodus from the Ducati team, as the Australian has jumped ship back to HRC, in what is to be some sort of multinational threesome with energy drinks involved. Ok Italy, it’s almost time to change the sheets, this wet dream is nearly a reality. Stay tuned for Monday.

It didn’t take long for the other shoe to drop, and now it is official that Casey Stoner will race with HRC in 2011, after it was announced moments ago that the Australian would be leaving the Ducati MotoGP team. Perhaps the most unexpected development in this announcement is HRC’s intentions of keeping both Dani Pedrosa and Andrea Dovizioso for the 2011 season.

The likely result of this will be a two-man Repsol Honda team, and a second single-bike team, which is likely to be sponsored by Red Bull. Rumors have pegged the continuance of a Pedrosa/Dovi Repsol Honda team, which puts Stoner on the single-bike Red Bull team. However, a Stoner/Pedrosa rumor has also persisted, and makes more sense given Dovi’s current Red Bull sponsorship. But at this point nothing is certain.

There’s a lot of pressure on Kawasaki for 2011. Team Green has exited MotoGP, and is completely un-competitive with its ZX-10R in World Superbike and World Superstock 1000. Looking to rectify the situation, Kawasaki has gone back to the drawing board with it’s liter bike offering, and have been testing the 2011 Kawasaki ZX-10R at Suzuka for the last two days this week.

With test riders Hidemichi Takahashi & Akira Yanagawa on-board, we get our first glimpse at the rumored 190hp/190kg Superbike taking laps. Video confirms that a normal firing order is inside the four-cylinder motor (sorry, no cross-plane here), but traction control is rumored to come as a standard option. Photos and video after the jump.

There’s so many things going on in this video, we’re not certain where to begin. Filmed on Mulholland Highway by the same fine folks who brought us video footage of the guy who crashed in front of a CHP officer, this new saga takes a different approach to riders exceeding their limits on city streets.

Take an unsuspecting white Honda Elite scooter, a pair of Crocs shoes, and some invisible knee pucks, and you’ve got all the ingredients for a bizarre Sunday morning lowside that could have been much, much, much worse.

While we’ll give bonus points for good dirt-tracking technique, be sure to check the slow-mo footage for the exact moment the rider’s shoes depart humanity, and dive over the cliff. Video after the jump. Thanks for the tip Jelly!

Pikes Peak Ducati rider Greg Tracy has posted a quick documentary on his blog today that shows a behind the scenes glimpse of racing to the clouds at Pikes Peak (and winning). On-board the Pikes Peak Multistrada 1200S, along with teammate Alexander Smith, Greg set the second fastest two-wheeled time up the 2010 Pikes Peak International Hill Climb.

In the footage we get to see the Tracy’s talking about the family rivalry, as well as the dangers of riding Pikes Peak. With a Cameo appearance by Rhys Millen, this is a very well done clipe. And for bonus points, it was all shot on an iPhone 4. Check the video out after the jump.