Great report out of California on Larry Ellison’s BMW Oracle Racing:

BMW Oracle Racing is scheduled to face two-time defending America’s Cup champion Alinghi of Switzerland in a best-of-3 series starting Feb. 8 for the oldest trophy in international sports. Whether this boat, known as BOR 90, is the boat that will face Alinghi remains to be seen. BMW Oracle Racing, owned by software tycoon and sailor Larry Ellison, has refused to confirm or deny reports it is building a second boat. Ellison is believed to have spent between $10 million and $20 million on the boat that was relaunched Monday. If BMW Oracle Racing is building a new trimaran, the current one would at least serve as a sparring partner. – from MercuryNews