I did the road racing school with MARRC last Friday. It was a great experience. I learned a lot - not just about the flags and rules, but the physics of what a bike is doing on the track.
I plan on holding off on getting my license this year, and just get it in January for the 2012 season.
My buddy took some video clips and slap them together from the first corner. This is from the 'mock race' that is done at the end of the school. They have us start from the grid (6 students, I started in p5), then once we reach T1, they send out all the CR's to come test us in corners, passing us, putting us in difference situations. I'm on the blue R6 (my name is Ick/Ickey):