Looks like F-1 is getting a couple of new teams, from rather unexpected regions:

Formula One could see a new team racing in 2006 after plans for the launch of Team Dubai F1 were announced.
...
Earlier this month the Russian-backed Midland team announced it intended to join the Formula One grid in 2006.

Diversity is good, especially in the inbred ranks of F-1, but I have a feeling these guys have no idea what they've gotten themselves into. It ain't called a circus for nothing.