What's the major drama? FIA won't have more influence on ACO racing than it currently has on SRO's. Both organisations already have to comply with the basic FIA regs anyway, but keep pretty much total control over the business side.
So ILMC will be renamed into WEC and have additional championships for drivers etc (what's the Cup all about btw?)
Then, since there will be no GT1 cars in usable condition by the end of 2011, FIA GT1 will be renamed to FIA GT and use whatever cars look suitable
Makes perfect sense.