The Formula 1 United States Grand Prix is back and set for November 18, 2012 in Austin, Texas. After months of controversy and in-fighting, both Formula 1 and Austin’s Circuit of the Americas are again playing nice. This will be the first F1 race to be held in the U.S. in five years to be held, and it will happen in a little place named Elroy, just southwest of the Capital city. Since its inception, the event has been under scrutiny, lawsuits have been filed and some $250 million in state money may be used to pay the licensing fees for the next 10 years. While the city of Austin debates whether F1 is a good fit for the community, the track is under construction. Formula 1 is known as the playground for the rich: A wealthy man's sport for those able to travel the world to watch million dollar sports cars race. But it's more than that, of course. Formula One has a long, prestigious history in the world of sport and, soon, Austin will be inducted. Our on-going series examines the sport, educates on how it works and how to watch it, and will keep you up-to-date on the surrounding controversy.