The demise of USF1 from Formula One->ke190 even before they got a chance to make the 2010 grid is a microcosm of the level of interest - or lack thereof - Americans have for the sport. However, just because one team crashed and burned faster than we could say 'go', doesn't mean that we've seen the last of a US-based team in F1.

According to ESPN, a company named Cypher Group has been formed with the intention of picking up where USF1 left off, that is, fielding a team that can compete in Formula One in the near future. The new outfit has made it clear, however, that their success will hinge on whether they can find the necessary funding to make the F1 application a worthwhile endeavor. Considering that lack of funding doomed USF1's hopes, we're not exactly optimistic of Cypher Group's chances, especially since its been reported that the team will pretty much pick up the scraps left by USF1, holding its headquarters in North Carolina - similar to USF1 - and employing most of the people the worked for, you guessed it, USF1.

The only thing different about Cypher Group - and we suppose this is a good thing - are the notable absence of both Ken Anderson and Peter Windsor, the two main proponents of USF1's failed F1 attempt this year. Whether this new team has a chance to make the grid next year is anyone's guess, but unless they get the proper funding, we're really not holding our breaths.

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