We were among the first on the web to bring you this news back in August, and a teaser of the announcement yesterday, so it's no real surprise. It is, however, great news for F1 fans here in the U.S. (and for Martin Whitmarsh).
The New Jersey race will be a street circuit that the organizers says will "look like Monaco but drive like Spa [Francorchamps]". That's a tall order on both accounts, especially considering that the last time we checked, New Jersey wasn't a tiny, ultra-wealthy principality on the the shimmering coast of one of the most picturesque sections of the Mediterranean.
The streaming conference is still ongoing, so if you're quick, you can catch the remainder here.