has created a stir with its announcement that it will be organizing a new downhill racing series. The series, dubbed DH1, is modeled after the Nissan European Downhill Cup, and is officially on the books with six races for the 2012 racing season with events both in Europe and North America.

The series will be broadcast live online, and like Freecaster's World Cup coverage, the content will be free to all.

Many have speculated that the series poses a threat to the current UCI World Cup series, though Freecaster founder Raymond Dulieu, in an interview with Landscape Magazine, noted that was not the case.

"We're not looking to go head to head with other series like the World Cup or the iXS," Dulieu said.

"[The series was] designed to complement the World Cup events, both in terms of dates and locations."

Dulieu also mentioned that Freecaster has been working with the Kokanee Crankworx organizers to integrate the course into the series. "I think it will make for a fantastic final," he said.

The DH1 series is slated to have a substantial prize purse, with $14,500 up for grabs at each race.

The series will have both professional and amateur categories, with the top amateurs gaining the chance to race against the pro field. Another interesting note on the DH1 racing format is that the start times for top 20 racers in the finals will be spaced enough apart to allow the entirety of each run to be broadcast.

Paired with a high-definition online broadcast this looks to be fan-pleasing format.