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I've watched the incident a few dozen times, but, to be honest, I'm not particularly concerned with the incident. Without the frame of context, the pictures aren't terribly meaningful, but we won't have the full context until future events transpire.
Of minor importance is Lorenzo's race craft. In close battles he has twice left the door open while heading into the final turn, and it has backfired twice. I'm interested to see if he learns from these experiences or if the fear of his competitor's blind bravado will continue to compel him to leave the door open.
Of major importance are the events of the remainder of the season, since they will likely shape the early years of the Lorenzo vs. Marquez rivalry. Without a doubt, Lorenzo's caution has given Marquez a sizable psychological advantage in the near term. If Marquez remains competitive with Lorenzo for the remainder of the season, perhaps besting him in a few close duels, Lorenzo's conscientious racing tactics at Jerez will prove to be a serious mistake. However, Lorenzo could actually use the situation to his advantage by following in Dani's footsteps.
Last week, Dani was beaten quite handily by Marquez, in his record-setting debut win. The Kool-Aid chugging was rampant, and Marquez himself appeared quite smitten with himself. Luckily for Dani, the facade didn't match the true structure of the events. According to what we know at this moment, Dani was not beaten by a superior rookie talent. Instead, the MotoGP circus traveled to a circuit that negated the experiential advantage of established riders. More importantly, in the 21L fuel-limited era, COTA negated the experiential knowledge of the engineers who needed to establish a baseline for fuel settings and fuel strategies. Marquez fast-and-loose style was an appropriate way to deal with the relative chaos of a new circuit. We know this to be true, at the moment, b/c Marquez just had his clock cleaned by Dani who leveraged his riding experience and the talents of Mike Leitner. Of course, Marquez can change the narrative by beating Dani this year, but the future must still unfold.
Lorenzo's position is similar to Dani's following the Texas GP. If Lorenzo responds with convincing wins, the narrative of this event will change. Instead of being admonished for his overly-cautious riding style and his reluctance to block a volatile opponent, Lorenzo will be praised for letting a Kool-Aid-chugging-kid have his 15 minutes, rather than risking a major accident. If 2014 rolls around and the paddock is gushing about Clever Lorenzo and his three world titles, I'd reckon the balances have tipped back in his favor. This incident will actually extend his psychological advantage by negating the importance of Marquez occasional small victories.