I would expect that Michelin will give this a pretty good go, they haven't been that bad (Laguna etc. was) but the perception of ineptitude is greater than the reality.
I think the Ducati deal that was mooted was a real attempt by someone to keep tyre competition alive, it may have been too little too late.
Lobbying and pressure from the two tyre companies MAY reverse the decision in any case. I was under the impression that Bridgestone did not want to be the sole supplier and Michelin did not want to drop out. So who wins?
Lex, the theory that this is about controlling racing more than allowing racing looks pretty damn good right now.
Irony would be the headline that Pirelli or Dunlop are proud to announce...