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Pouring money, testing, keeping a very big team of very talented people for a car that Toyota's top brass won't release. What can they be waiting for??? The chassis is probably not the biggest problem, but the powertrain (and the secrecy) come from Japan and they probably feel it's not ready. They could run a non-optimal solution (a good petrol engine with no or basic KERS) to get up to speed, but I guess the rules make a victory too unlikely for Toyota and their standards.
Oh well, the racing behind Audi and Peugeot is so amazing, we don't need a serious manufacturer with different technology now. 2014-2015 will be amazing. Or maybe 2016.
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