Hey man, it just don't get no better than this:

A new racing league which will see rocket-powered planes blasting around virtual racetracks in the sky was announced on Monday. It is also hoped that computer gamers at home will be able to pit their skills against the pilots in real time.
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The space-age Formula One vehicles will be based on a rocketplane designed and demonstrated by California-based XCOR Aerospace, called the EZ Rocket. The first race is scheduled for a year from now in New Mexico.

The real trick will, of course, be sponsorship. If they can get a really big company to fund it, this thing could really, well, take off.