The Ideal America's Cup I think Jobson really misses the mark in this article. Trickle down is far from dead and while I'm pretty miffed at not being able to see the current series easily it's hard to deny the foiling madness the last America's Cup ignited in the world of multihulls.
The problem, in my opinion, is all about the money. (isn't it always?). When you have some campaigns with a limitless pile of cash against other teams that spend as much time trying to find sponsorship as they do running their team, the result is always going to be skewed and boring to watch.