Looks like Saddleback is not going to hold ski races this year... but the Junior Alpine Race Development program is still being offered. More info on my blog:
http://maineskifamily.blogspot.com/2011/11/saddleback-maine-hosting-ski-races.html
Overall it probably doesn't materially impact the majority of the skiers at Saddleback - and I am sure they will enjoy having Grey Ghost open on busy weekends. Selfishly, with two school Alpine racers in my family they won't be able to race on their home mountain which is kinda too bad.