Looks like Valentino Rossi has decided to stick to 2 wheels - in the newspaper yesterday an article mentioned that he had resigned with Yamaha until the end of 2008. He's probably keen to see what he can do with the new 800cc Yamie. See Yamaha press release:
http://www.yamaha-motor.co.nz/hot_news/index.htm?news_detail.asp
Haven't seen anything about the new Yamaha GP bike yet but found a blog with a bit of info on the new Honda V4.
http://www.riderpage.com/motogp-and-racing/honda-new-v4-800cc-model-for-2007-season-of-motogp/
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