Guys I just changed my life long mindset and admit that dreams really come true.
I'm pleased to let you know that F1 world championship will return to U.S in 2012 and will continue for 9 consecutive years with possible extension after that. The F1 Grand Prix of U.S will be held no where except our own capital city of Austin Texas, less 2 hours drive away from where I live and If I'm driving to attend a F1 race will be less than an hour.:D

The track is/will be a purpose built world class racing circuit with F1 being the dominant race in mind. It is located on Hill Country Texas just northwest of Austin, it is not a flat race track and will have about 135 ft of elevation changes through out a single lap. Here are track maps. The 3D pic illustrates the elevation changes.

http://www.f1fanatic.co.uk/wp-content/uploads/2010/09/austin_track_map_flat-470x561.jpg

http://www.f1fanatic.co.uk/wp-content/uploads/2010/09/austin_track_map_3d-470x294.jpg