Breaking News: McLaren, Alonso Part Company

Fernando Alonso is a free agent in the Formula 1 talent pool following an amicable split from McLaren Mercedes. Ron Dennis, team boss at McLaren, promised a decision between the two parties within a couple weeks of the end of the season and has delivered.

Alonso leaves the squad after fulfilling just one of three years on his contract.

It had been speculated that the Spanish driver would only be allowed to nullify his three year contract if he were to join a privateer team but that appears to be false.

Alonso is free to join which ever team he wishes and the rest of the driver market is hinged on his decision.

The likely options on the table for the Spaniard are seats at Renault, Williams, Toyota, and even Red Bull.

One possibilty that shouldn't be overlooked is a drive at Honda F1. Rumors are swirling that the lack of determination from Rubens Barichello may land him a demotion to Jr Honda team Super Aguri.

Honda utilize a humungous budget and despite a horrid 2007 campaign could use said budget to turn things around in '08.