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It’s back. The world is a better place now that young men are wasting fuel going round in circles at irresponsibly breakneck speeds on multi-million dollar motorcycles. (On a side note, someone pointed out today that a satellite 160kg Honda RC213V costs about half its weight in gold, at current prices, which suggests that a factory bike must be close to costing its own weight in gold).

The lights in the desert are once again spectacularly lit, and the sandy void which surrounds the Losail circuit again rings with the bellow of MotoGP bikes.

The atmosphere in the paddock at Valencia is an odd mixture of fatigue, excitement and anticipation. Fatigue, because it is the end of a long season, and the teams and riders are barely recovered from the three back-to-back flyaway rounds; excitement, because this is the last race of the year, and the last chance to shine, and for some, the last chance to impress a team sufficiently to secure a ride next year; and anticipation, because with so many riders switching brands and classes, they are already thinking about the test to come on Tuesday.

Or in Casey Stoner’s case, thinking about a future outside of MotoGP. As his departure from the championship grows near, it is clear that he has had more than enough of the series. Asked if he was worried about the politics in V8 Supercars, where he is headed in the near future, he said he wasn’t, because he understood that V8 Supercars is a different kind of championship.

MotoGP, though, was supposed to be a professional championship, and in his opinion, it was ‘a joke’. Four races in Spain, another just over the border in Portugal, this was not a truly world championship, Stoner said. Instead, MotoGP is too much of a European championship, and it needed to rediscover its roots.

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.

The Sepang round of MotoGP could see all three championships clinched this weekend, with Jorge Lorenzo, Marc Marquez and Sandro Cortese all closing in on their respective world championships. The job is easiest for Cortese, all the German has to do to become the inaugural Moto3 champion is finish one place behind Maverick Vinales and the title is his. After getting a little too excited at Motegi, Cortese will doubtless be heading to Sepang in a much calmer frame of mind.

Marquez also faces a relatively manageable task, but unlike Cortese, he does not have his fate entirely in his own hands. If Pol Espargaro wins at Sepang, then the earliest Marquez could be crowned champion would be at Phillip Island. If Espargaro does not win, the Marquez is in with a very good chance: should Espargaro finish the race in third or worse, then Marquez only has to finish directly behind him; if Espargaro finishes second, then Marquez has to win.

On current form, it would be hard to bet against Marquez, but Sepang was the circuit where the Spaniard was badly injured last year, suffering damage to his eyes which limited his vision and threatened to end his career. It will be interesting to see whether the memory has spooked Marquez, but judging by his performance this year, that seems faintly ridiculous.

Jorge Lorenzo faces the biggest challenge, with only a 28-point lead over Dani Pedrosa. Lorenzo will not only have to win at Sepang, but he will also need Pedrosa to finish no better than thirteenth. Given that the only time that either man has finished outside the top four has been due to mishap, the chances are the title chase will go down to Phillip Island, at the very earliest.

The press conference room at the Motegi circuit was a busy place on Thursday. The assembled press filed in twice during the afternoon, once to hear the head of Dorna talk about the long-term future of both motorcycle racing world championship series, and then again to hear five world champions talk about this weekend’s racing. There was much to digest.

What Carmelo Ezpeleta had to say about Dorna’s takeover of the World Superbike series has been covered elsewhere, though the irony of Ezpeleta hosting a press conference to talk about what was essentially an end run around HRC’s threats of a withdrawal at a facility owned and operated by Honda was not lost on everyone. The significance of the occasion was clear to all, and the groundwork has been laid for the future of both WSBK and MotoGP, though many fear the outcome.

An hour later, a much lighter mood prevailed when the riders filed in for the usual pre-event press conference. The long term was forgotten for a while, as everyone concentrated on two items: the return of Casey Stoner, and the impact of the Australian’s return on the championship. Will Stoner help Dani Pedrosa in his battle with Jorge Lorenzo for the 2012 MotoGP title? And is he fit enough and fast enough to be able to help if he wanted to?

The return to Misano was always going to be an emotional affair, the first time MotoGP has returned to Marco Simoncelli’s home circuit – now renamed in his honor – since the Italian fan favorite was killed in a tragic accident at Sepang last October. Though Simoncelli is being remembered in many different ways during the weekend – nearly all of the riders in all three classes joined for a lap of the track by bicycle this evening – the remembrance has been cheerful rather than mawkish, a celebration of his life rather than mourning at his death.

Fans, riders, mechanics, photographers, journalists, many have made the pilgrimage to Coriano, Simoncelli’s home town just a few short miles from the track, paid their respects and headed to the circuit feeling better for the experience. Simoncelli’s ghost may haunt the paddock at Misano, but happily, he does so in the guise of Casper rather than Banquo.

There is more than enough to keep the minds of those present engaged. Uppermost in most people’s thoughts is Ben Spies’ decision to go to Ducati to race in the Ducati junior team that is to be run by Pramac. Both of the 2013 factory Ducati riders welcomed the signing of both Spies and Andrea Iannone, with Andrea Dovizioso and Nicky Hayden saying it was a good decision by Ducati.

Both Spies and Iannone had proven their speed, and Spies’ experience at the factory Yamaha team would be very valuable to Ducati in helping to develop the bike. There was surprise at Spies’ decision – “I thought he would go to World Superbikes” Dovizioso told reporters – and both men were interested to see how he would perform on the Ducati.

As a MotoGP rider, dealing with the press can be a lot like boxing against a stronger opponent: put in a quick attack, and then grab on and defend for dear life. At Laguna Seca, Ben Spies showed he had mastered the art perfectly. After dropping the bombshell that he would be leaving Yamaha on Tuesday — on Thursday Spies was in full defensive mode, deflecting questions and saying that he would not be discussing the situation and what had motivated his decision “until I’m ready to talk about the future.” To carry that off, and persist in your position in a room full of journalists hell-bent on wheedling the truth out of you, is quite an achievement.

Fortunately for Spies, his announcement had given the assembled media hordes – well, not quite a horde, as dwindling print sales, economic stagnation in the key markets of Spain and Italy, and a few broader issues with journalists traveling on tourist visas meant that press corps numbers at Laguna are down – had plenty of other issues to sink their teeth into. Spies leaving Yamaha opens up another seat, and with the Texan looking almost certain to switch back to the World Superbike series with the BMW Italia squad next season, an extra factory prototype, something of increasing scarcity in these days of dwindling factory involvement.

Naturally, with Spies out of the equation, the media and fans have joined in an epic game of fill-in-the-blanks to try and slot all the surplus of talented riders into the limited space for available rides.

It’s a good job that we are here in Mugello. Normally, at the end of three back-to-back race weekends, riders, team members and journalists are all just about ready to strangle each other – some paddock insiders have colorful tales of intra-team punch-ups, which they will tell if plied with a few drinks – but this is Mugello, the one weekend each season which everybody looks forward to.

There is something very special about the setting, the track, the weather, the location which mellows everyone out. Maybe it is the spectacularly located Tuscan villas most of the teams stay in for the weekend – there is nothing quite like taking a dip in a private pool as the sun goes down behind the beautiful hills of Tuscany to calm the spirits. But the truth is that everyone seems to wear a smile around the Mugello paddock, no matter what hardship they have suffered in the weeks before the weekend.

It is to be a special weekend, just as every race at Mugello is special. And it will be important too, with several big announcements already made, and more to come. The biggest – and least surprising – was the announcement that Dani Pedrosa and Marc Marquez will ride for the factory Repsol Honda team for the next two season. Both signings had been long expected, despite some rumors that Valentino Rossi would be moved into the Repsol team in Pedrosa’s place. HRC Vice President Shuhei Nakamoto explained to the press that the decision to sign Pedrosa had been because of the experience of the Spaniard. “A good rider with good experience,” is how Nakamoto described Pedrosa, saying that his signing was good for Honda.

And Honda was not Pedrosa’s only option. He had had other options on the table and been able to decide freely where he wanted to go, Pedrosa told Spanish media, the implication being that he had an offer from Yamaha, though Pedrosa refused to go into details. He had been a Honda rider throughout all of his career, Pedrosa said, and so to continue had been the best option.

Silly Season has hit full swing in Germany, not just for the MotoGP class but for the support classes as well. And while movements in MotoGP are mainly about what is happening next year, in Moto2 and Moto3 – and even among the CRT machines – there is some serious rider swapping going on for the rest of this season.

In MotoGP, the next two key movements just got a lot closer. Dani Pedrosa is now very close to staying with the Repsol Honda team, telling Spanish journalists that he would sign a new two-year contract with HRC either here in the Sachsenring or at Mugello at the latest. His priority had been to stay on a bike he felt he could win with, telling the Spanish newspaper ABC earlier this week that Honda and Yamaha had been his only realistic options. The Ducati, he said rather pointedly, was more something a rider might consider before their retirement.