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2009 Hungarian Grand Prix – Click above for high-res image gallery

A string of reports over the past couple of days are emerging to paint a picture of a potentially huge reshuffle of the Formula One grid and the players involved as early as next season. The FIA and the teams are planning another round of regulation changes to further curb costs in F1, but while that might entice some, for others it could be too little too late.

Lewis Hamilton controls F1 car via Blackberry Storm - Click above to watch video

Ron Dennis, the man behind the McLaren-Mercedes F1 team, announced he'll be stepping down from his position on March 1st to concentrate on McLaren's future endeavors. Dennis made it clear during today's press conference that his departure shouldn't be perceived as retirement. On the contrary, Dennis said, "The first thing I'm going to do is work harder." And by "work harder" Dennis means he'll be focusing on the new road-going efforts of McLaren Automotive.

British racing fans had lots of reason to celebrate this year. Not only did their golden boy Lewis Hamilton win the Formula One World Championship, but their star cyclist Chris Hoy took home three Olympic gold medals from the Beijing Olympics. But the ultimate face-off between man and machine is just gearing up as organizers of the annual Race of Champions have announced the two will face off next month at Wembley.

If you thought rumors spread fast among automotive news sites, that's nothing compared to the speculation that spreads like wildfire around racing paddocks. The latest reports suggest that Ron Dennis, who has successfully directed the McLaren F1 team to seven constructors' titles and nine drivers' championships since taking over the team in the early 1980s, has been sacked. Shareholder and engine partner Mercedes-Benz was reportedly angered by Dennis' management of the spy scandal and his failur

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