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Announced during the Phillip Island press conference, Yamaha Racing has decided to release Valentino Rossi from his contractual obligations at the end of the MotoGP season, thus allowing the Italian rider to test with Ducati Corse during the testing sessions at Valencia, which follow immediately after the Valencian GP. While many in the MotoGP paddock expected Yamaha to come to this decision, it’s taken quite some time, and a lot of lobbying and consternation from Rossi to get the Japanese factory to see things his way.

“I spoke this morning Furusawa, and he gave me the go ahead to test the Ducati in Valencia,” said Rossi. “It Seems like a nice gesture, you see that Yamaha has given value to what I’ve done in recent years.”

Likely wanting to hold onto the Rossi’s star power for as long as possible, and afraid the growing rift between Rossi and Lorenzo could turn into backlash against Yamaha, the Japanese manufacturer has delayed its response to Rossi’s request for as along as seemingly possible. Supposedly honoring it’s gentleman’s agreement with Ducati, Yamaha Racing will have it’s own star-studded cast on-hand for the Valencia test: the newly crowned Rookie of the Year Ben Spies, and FIM MotoGP World Champion Jorge Lorenzo.

After releasing a bevy of photos from its tests of the 2011 WSBK-spec Kawasaki ZX-10R at the Autopolis & Suzuka tracks in Japan, Team Green has put together a video with clips of the bike in both the paddock and out lapping on the track of Autopolis.

Besides showing us some up-close details of the bike’s performance goodies (push-to-shift buttons make us drool), we also get to hear the new 2011 Kawasaki ZX-10R revving under load and at different engine speeds.

The new ZX-10R sounds like  a screamer to us; sorry Kawi fans, no cross-plane crankshafts here. Still, the bike looks good drenched in carbon fiber. Check it out after the jump.

Taking a two-day testing session at The Brickyard, American riders Roger Lee Hayden, Jason DiSalvo, Kenny Noyes, Robertino Pietri (US Resident) had an opportunity to lap around the Indianapolis Motor Speedway in preparation for the Moto2 race held during the Indy GP this coming weekend. The first riders to take to the 2.6 mile, 16 corner course since MotoGP visited The Brickyard last year, the four riders were given 90 minutes each day to setup and practice for Sunday’s race.

Hiroshi Aoyama will test at Brno on Monday to see how his fitness is progressing from his highside at Silverstone, which broke the Japanese rider’s lower vertebrae. Aoyama has missed four GP starts so far this season because of the crash, and has seen Kousuke Akiyoshi and Alex de Angelis ride his Interwetten Honda during the interim of his absence. Deciding to let his T12 vertebrae fracture heal naturally, rather than go under surgery, Aoyama feels he is nearing the point where he can return to MotoGP.

Kawasaki is at the track again with its 2011 Kawasaki ZX-10R World Superbike platform, and this time at the helm is WSBK rider Tom Sykes. Sykes, who is picking up the slack for his injured teamamte Christopher Vermeulen, isn’t sure of his chances of staying with Team Green in 2011, but was obliged to help the team develop it’s new superbike. Kawasaki has had a horrible run of things in WSBK lately, despite killing its MotoGP program. Hoping to turnaround its poor results, Kawasaki has been teasing us with its WSBK development, which of course also clues us in to how the 2011 Kawasaki ZX-10R road bike will shape up. Photos and videos after the jump.

We first reported on Elena Myers when she won the AMA Pro Racing Supersport race back at Infineon earlier in the season, becoming the first woman (or second) to win a professional US motorcycle race. Now the 16-year-old wonder is making waves again, after visiting the Rizla Suzuki pit box during the Red Bull US GP at Laguna Seca. Meeting the Rizla Suzuki team, Myers has been offered a chance to ride the Suzuki GSV-R during the testing session held after the MotoGP round at Valencia, Spain.

UPDATE: Fiat-Yamaha has confirmed that Rossi will test at Brno on Monday, with a press conference following the day’s testing sessions.

TwoWheelsBlog has gotten word that Rossi will be testing yet again, this time on James Toseland’s YZF-R1 at Brno tomorrow (Monday), as the Italian continues to gauge his progress to physical recovery. Keen to get back to racing,and save MotoGP from its plummeting ratings since his departure, Rossi has called for a press conference immediately following that day’s testing session. At the press conference Rossi is expected to announce his thoughts on racing next weekend at the German GP. A&R also expects Rossi to make the biggest announcement in MotoGP history on Monday as well.

Valentino Rossi completed 26 laps of testing today at Misano, while on-board a World Superbike spec 2010 Yamaha YZF-R1. After being off a motorcycle for nearly a month, Rossi and Fiat-Yamaha hoped to assess today how the Italian rider’s broken right leg has progressed since its injury on June 5th at Mugello. Rossi did an initial run of 11 laps on the R1 late in the afternoon, with a best time of 1’41.00. An hour later, the Champion did a second session of 15 laps, improving on his time by 3 seconds, with a best time of 1’38.200. Although pleased with the test, there’s still some debated on when Rossi will return to MotoGP racing.

Troy Bayliss may not be making a comeback to World Superbike racing, but he showed he still has what it takes to out-pace the current Xerox Ducati factory squad during testing at Misano. Bayliss showed strong riding at the Mugello test a few weeks ago, but at Misano he was half a second faster than Fabrizio, and nearly a full second ahead of Noriyuki Haga’s best time.