via: Autoblog
USF1 has officially announced plans to compete in the 2010 Formula One series. There has been a bit of speculation throughout the interwebs of late regarding this, but nothing official until now. The team will be based in Charlotte, NC and they plan to operate more like a skunk-works than a traditional F1 team. Seems reminiscent of Super Aguri, which saw limited success with a tiny (comparitively) budget.
Of particular note is their intention to be open and accesible to their fans. Traditionally, F1 is a super-secret society, shielding all news and developments from prying eyes. It will be interesting to see just how open they will be.