Honda has major problems with auto sales, especially in NA. They also have a growing rival in Hyundai, especially in NA. They are a bit of a late starter in China as well, where GM and VW are the top foreign brands. With the new emphasis on green, they saw the writing on the wall and put many of their racing engineers to work on zero carbon stuff. leave it to Honda to come up with something good, but in the meantime, no racing teams. Excellent engine though! Nice to see a bike manufacturer build the winning engine as well...
I don't think the Honda engines are/were as good as the Mercedes ones that powered the Brawn cars this year. Rumour has it the whole undertray was a botch job this year in order to fit the Mercedes engine, at the last minute, and they're looking to regain their technical advantage for 2010 with a new one and chassis to match the powerplant they know they'll have for 2010 ...