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Considering it is August here in Indiana, MotoGP has had pretty much perfect weather for the 2012 Red Bull Indianapolis GP thus far, with only a brief rainstrom hitting the track late Thursday afternoon and into the evening. With perfect conditions for Saturday, qualifying proved to be an eventful day for all the classes, as a number of riders had crashes that warranted the red flag coming out at the American circuit.

With riders continuing to complain not only of the three different types of asphalt at Indianapolis Motor Speedway, but now also about the fine dirt on the course, the issue of whether IMS is safe for MotoGP has been raised with the six red flags that were out in the four qualifying motorcycle sessions held today. Though no one hit any obstacles or walls, with three riders questionable for competing in Sunday’s MotoGP class race, it is not a stretch of the truth to say that the Indy GP will be challenging.

So what are we to make of Valentino Rossi’s not-so-shocking decision to leave Ducati and go back to Yamaha? The initial reaction from fans and media was that the biggest losers from the move are Ducati as a manufacturer, and Rossi’s reputation as miracle worker when it comes to bike development. There is some merit in both those arguments, but perhaps it is not quite so clear cut as that. Rossi’s two years at Ducati have done a lot of damage to both parties – as well as to MotoGP’s popularity and TV income – but in the end, this move could have some very positive long-term repercussions.

Talking to journalists for the first time since the announcements that he would be leaving Ducati and joining Yamaha, Valentino Rossi provided some interesting insights today at the Indianapolis GP pre-even press conference, which showed his reasoning for the switch in teams, as well as how Rossi views his future in MotoGP. Perhaps the most interesting remark from The Doctor was his own questioning of his alien status, saying that he no longer knew whether he was a top rider in the sport.

Beyond the opportunity to question Rossi over his decision to move back to Yamaha, there was ample build-up, by both fans and journalists. The build-up of course pertained to seeing Casey Stoner and Valentino Rossi in the same room with each other, as highly critical statements by Stoner were made this week in the media over Rossi’s tenure at Ducati. Putting the kibosh on the expected fight between the two riders, Stoner made it clear that the article in question was a composite of statements he has said in the press over the pass one and a half years, and that he made none of those statements in the past week.

Another interesting point included Rossi conceding that rival Jorge Lorenzo would be the #1 rider in the factory Yamaha team, though Lorenzo admitted later in the press conference that the distinction carried little weight when it came to parts and development, as Yamaha supplied riders equally within the team. Unwilling to talk money figures with his contract, Rossi would also not speculate on whether he and Lorenzo would share the same livery, i.e. sponsors, for next season.

With the atmosphere in the room palpable, Rossi fans will be interested in hearing The Doctor talk about his career with new uncertainty, and dwell on the possibility that the best of his motorcycle racing years might be behind him. A selected portion of the press conference transcript is after the jump.

After official confirmation from Ducati that Valentino Rossi would be leaving at the end of the season, now comes the official press release from Yamaha, announcing he has been signed to a two-year deal to race for them in 2013 and 2014.

The Italian will line up alongside Jorge Lorenzo for the next two years, and the press release makes their goal very obvious: winning the triple crown of rider, manufacturer and team championships. The press release from Yamaha can be found after the jump.

Valentino Rossi’s imminent return to Yamaha – to be announced on Friday morning, Yamaha and Ducati having been forced to move the schedule forward once news of the switch leaked – will accelerate the final movements in MotoGP’s silly season, with the remaining open grid slots on prototype machines likely to be filled in very short order once the Rossi announcement has been made. Rossi’s return to Yamaha will be heralded much as his departure for fresher pastures at Ducati was, only this time the roles will be reversed.

First, Ducati will issue a release thanking Valentino Rossi for his time with the factory, and shortly after – minutes, rather than hours, – Yamaha will issue a press release welcoming Rossi back to the fold. The difference, perhaps, is that this time a love letter such as the one Rossi wrote to Yamaha after he left in the middle of 2010 is unlikely to be forthcoming.

With Rossi at Yamaha, that leaves five prototype seats still open: The factory Ducati left vacant by Rossi’s switch to Yamaha; the as-yet unfilled second Monster Tech 3 Yamaha seat (the first seat is for Bradley Smith, who will be moving up from Moto2 as provided for in the contract he signed with Herve Poncharal in the middle of last season); the San Carlo Gresini Honda bike currently being ridden by Alvaro Bautista; and the Ducati junior team seats, in a yet-to-be-decided structure with one or more yet-to-be-selected teams. So who will be filling those seats? And where does that leave the riders left standing once the music stops?

It is a bit of a risk, announcing that Valentino Rossi will be switching to Yamaha just a couple of days after getting caught out by a hacked Twitter and email account. This time, though, confirmation is coming from multiple sourcesincluding our own. Rossi will be leaving Ducati for Yamaha at the end of this season, with an official press release expected from Yamaha on the morning of August 15th, the Italian national holiday of Ferragosto, and the day before the paddock assembles at the Indianapolis Motor Speedway for the Red Bull Indianapolis GP.

The story we published yesterday about Valentino Rossi having been spotted at Yamaha’s European headquarters by former racer Niall Mackenzie turns out to have been incorrect. We, along with the French publication Moto Journal and the German-language magazine Speedweek were victims of a hoax. A Frenchman, speaking perfect English, had compromised the Twitter account of Niall Mackenzie and linked his own email address to it, so that the attempts we made to verify the news led to a single, incorrect source. The person having compromised the account  later confessed to one of the journalists involved in researching the story that it had been a hoax, and apologized for the inconvenience he had caused.

Signs that the story was factually incorrect had come out earlier. Valentino Rossi’s manager Davide Brivio posted a denial on his Twitter page late last night, saying “for sure he didn’t visit Yamaha HQ – he is on holiday!”

UPDATE: Sources confirm that Valentino Rossi was not at Yamaha HQ, and the news of his appearance was a hoax caused by a hacked Twitter account.

Valentino Rossi is set to make a return to Yamaha, abandoning Ducati after two long and difficult years of failure. The Italian was spotted at Yamaha Motor Europe’s headquarters at Schiphol-Rijk, an industrial estate next to Amsterdam’s Schiphol airport, by former racer Niall Mackenzie, who was visiting the Yamaha HQ while negotiating a deal for his younger son Tarran to race in Superstock next season. The Scotsman posted the sighting – naming only a ‘well-known Italian’ wearing ‘a big smile on his face’ – on his Twitter page, but when contacted by Thomas Baujard of the French magazine Moto Journal, confirmed his report to the magazine.

The news of Rossi’s return to Yamaha has been slowly leaking out since last Sunday’s Red Bull US Grand Prix at Laguna Seca. Speculative reports have appeared in leading English and Italian media, with Italian sports daily La Gazzetta dello Sport reporting that Rossi has been offered a two-year deal with Yamaha in MotoGP, with the option of making a switch to World Superbikes, to lead the development of the all-new Yamaha YZF-R1 which is expected for 2015. Yamaha pulled out of the World Superbike series at the end of the 2010 season, citing the global financial crisis and failing to achieve their marketing goals with the production-based series.

Just one more week, and the biggest open piece of MotoGP’s puzzle should be slotted into place. On Saturday night, Valentino Rossi met with Ducati CEO Gabriele Del Torchio, to discuss the details of the offer Ducati have for Rossi, and on Sunday morning, Del Torchio told French journalist Michel Turco that he expected to know Rossi’s answer within the next seven days. The money from Ducati is generous, some 17 million euros a season (this figure has since been denied by Rossi — Ed.), if the rumors are to be believed, but the money will not be the important part of the deal.

The biggest item will be what help Ducati will get from Audi, and whether the rate of progress at Borgo Panigale can be ramped up to start rolling out updates faster, and start to change some of the things which Rossi and Burgess believe are vital before the bike can even begin to become competitive. Ducati is not Rossi’s only option, of course.

The second seat at the Factory Yamaha team awaits, though that ride is not so richly rewarded, financially at least. The offer from Yamaha is rumored to be around the 3-4 million euro mark, a pay cut Rossi may be willing to take if it leaves him capable of winning and challenging for championships again. But here, too, conditions will be key: Rossi will return as the #2 rider, Lorenzo already having clinched a two-year deal with the factory, and Yamaha having made it clear to Rossi that they saw Lorenzo as the future back in 2010, which caused Rossi to pick-up sticks and go to Ducati.

Even worse, though, Rossi may have to return alone; his crew will not automatically be rehired by Yamaha, the cost of flying them around the world being a major cost factor in the equation. What’s more, Rossi will have to bring sponsorship to the table, much more than just the amount needed to cover his salary.

Laguna Seca has a habit of throwing the Championship a curveball. The epic race between Casey Stoner and Valentino Rossi in 2008 was a prime example, a turning point in the Championship when Rossi halted what looked like the inexorable rise of Casey Stoner. Last year, too, Laguna proved to be key moment in the Championship, when Stoner stopped Jorge Lorenzo’s resurgence with one of the bravest passes in racing for a long time, through the ultra-fast Turn 1. With Laguna Seca the last race going into the summer break, winning or losing at the US GP can have a dramatic effect on the momentum of the Championship.

Whether the same will be said of Laguna Seca in 2012 will only be clear at the end of the season. But it has all the signs of being a significant moment, for more than just the five points Casey Stoner clawed back from Jorge Lorenzo. The race, if not thrilling, was at least tense: there was little between the two men for most of the race, Stoner shadowing Lorenzo closely, snapping at his heels but not quite able to attempt a pass. The turning point came on lap 18. As the leading pair plunged down the Corkscrew, Lorenzo’s sliding rear tire almost threw him out of the saddle. “I closed my eyes during the highside,” the Yamaha man said afterwards, “and I was happy to still be in the seat when I opened them again.”