The best coverage going with (arguably) the least bias is:
http://www.itv-f1.com/Home.aspxWhoever you fault for this fiasco, it could have been avioded. there were, as already pointed out, multiple options. Not the least of which was a choice to not stock a second set of 'reliable' tires. It would be interesting to see if the Bridgestone teams had that second set.
For once Bernie is not the center of F1 drama, but, love him or hate him, he is going to suffer greatly. As will F1 as a whole.
For the sake of the fans, all involved could have made concessions to put on a show that so many (~110,000) invested so much to see.
The US Grand Prix will go on, but you will see some significant changes in the politics, contracts and obligations. Read through the ITV site articles or the Indianapolis press; the economic impact will be huge. They, if no one else, will do what it takes to insure a 2006 race.
In the mean time let's hope the recently announced Porsche/Penske LMP2 car is really a mule for LMP1 during the 75th running at Le Sarthe.