yes it is... actually, the guy who's organizing it is the winner of 2001 and 2004 Gumball... I forgot his name
Edit: Okay, got him... a guy named Kimble... there are pics on the races and other stuff... one of those guys who has so much money he just has to flaunt it to everyone else and make us feel miserable... or at least try. Let's see if linking to it proves to be the same challenge as the other one.
Edit 2: Yep, I'm thinking this guy has the same stupid webmaster who doesn't like to be linked to: www kimble org