Failure hasn't given up completely, he's still around every now and then. He sometimes joins FOX Junkies once the server is more crowded, either to keep an eye on everyone or to race as well. The FOX Fridays are still around and, although less popular than it used to be, probably will stay around.
@Ricardo: I understand what you mean. But on the other hand, when FOX Junkies was a bit more popular, most drivers were doing a good job. There are always going to be a few people struggling or driving a car they can't handle, but that even happens with the STD's. I think it's managable when someone is keeping an eye on things.
Btw, it's quite interesting to hear everyone's opinion. It seems like many people would still like to race the single seaters, yet nobody really uses them because nobody else does either. I think it's just one of those things that could become very popular once it gets up and running. People still fancy open wheel action, but even though it's provided (for example by FOX Junkies), it doesn't get used.
Edit: it looks like I can't even quote someone without messing up.
Anyway, I was responding to cargame's question about whether FM-Failure had given up or not.