It's essentially an open track day with "motovid" doing some "pasties" and capturing lap times and videos.
I thought it was a real event as well, an Autocross, I believed they were doing it like the events where it's a stopped start so however you get out of the hole is how you get out of it and it all counts against you. I think it's just a track day with bonuses though, either way it'll be cool because blackhawk farms is a fun track to be at.
PLUS, it's 30 bucks cheaper without the gps and 10 bucks cheaper with it when compared to normal prices. Worth it already!
-Mark