I caught one of the Valencia races and then today's one from Brno.

Hard to know what to make of it - it's certainly entertaining, but clearly lower-level than GP2 and WSbR probably. More like Formula Master which (confusingly) it seems to be running alongside at some events.

So far, I quite enjoy watching it and it's certainly low-cost as planned but it's highly unlikely that anyone'll be plucked from there straight to F1. Not to mention a total lack of media coverage - I've yet to see a single comment anywhere on Motorsport Forums about it!