05:30. I am in Valencia to watch the first day of the America's Cup. The crews are setting off from their bases to get aboard their behemoths. We are told if we hang around long enough, we may be able to get some flash photographs as they leave the dock. The racing is 40 miles away, and separation between the two multihulls could be as much as 20 miles. If we blink at the start, we could miss catching them in the same frame altogether. The boats are fantastic machines dripping with technology, but absolutely no use for anything else but this best-of-three match. Rolf Vroljick, the head designer of the BMW Oracle tri says that they are not capable of breaking the sailing speed barrier, or racing across oceans. "They are strictly coastal," said Brad Butterworth, Alinghi's skipper. I've been covering these Cup races since 1980, and this will be the first virtual-reality boat race I have witnessed for real. As far as the press, all cocooned in the media centre, are concerned, they could be racing a windward-leeward course around the moon and back. We have only the TV pictures to tell us differently. I foresee a new shed going up at Long Beach, California, to house these boats alongside the Spruce Goose.