I've been sitting back reading all this and feel I need to finally chime in. I've been in close contact with John Webster on this since early last summer. Some rules are still to be ironed out as far as requirements. It's not a "sign up and you can come do it" type of event. ALL sailors will have to "prove" thier capabilities either through a resume or by references. Chase boats aren't completely designated yet. There may be a power chase boat. I told John about this thread. I'm sure he will respond sooner or later but all questions will probably be answered on or through the official website.
So, all you "armchair sailors" trying to decide who's going to pay the "rescue bills" should relax and suck your chests back in before you have a stroke. More details will be addressed as soon as possible. If you don't have the skills or experience to do this type of event, maybe think twice before you keep posting some of your "expert opinions".
Wondering about safety equipment? I'm not the one who wrote the rules but I'm betting on EPirbs, GPS, strobes, flares, Sat Phones (although we have hit and miss results with them, even the race organizer has had a bad experience with one), compass, charts, safety teather with quick release. These are some of the things we use in the Tybee and GT and have come to know and trust them. No reason not to require them here.
Some of you who are ACTUALLY going to do this event can pm me and I'll give you my number if you want to talk to someone about this to get anymore insight.